Bitcoin Records Worst ETF Week Ever

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Amid the persistent crypto market downturn, the Bitcoin ETF market has remained heavily affected as it has continued to record steady daily outflows for several months.


While investors expected the downside pressure to ease off following the mild outflows seen last week, it has only gotten worse this time, as Bitcoin just recorded its biggest weekly ETF outflow since launch, according to data from SosoValue.


Institutional investors withdrew $1.79 billion from Bitcoin funds


Per data provided by the source as of July 26, a total of $1.79 billion has been withdrawn from the Bitcoin ETF market over the last week.


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While such an amount of weekly outflow has never been recorded by the Bitcoin ETFs since they launched in January 2024, this marks the worst ETF week Bitcoin has ever witnessed.



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This marks an extension of the persisting weakness seen across the ETF market, as Bitcoin ETFs have logged the longest streak of steady weekly outflows, which has now run for seven consecutive weeks.


While this shows that the negative performance of the Bitcoin ETFs has remained consistent for multiple months, it appears that institutional investors are rapidly losing interest and are heavily withdrawing their investments amid the prolonged price volatility.


Bitcoin retests 2024 lows


Following its latest round of volatility, Bitcoin experienced a substantial price drop, retesting $58,000 for the first time since 2024 as selling pressure intensified.


While the decline has seen Bitcoin return to levels last seen in 2024, both retail and institutional investors are rapidly losing confidence in the asset, fueling the sharp drawdown in Bitcoin ETF performance.


It appears that the rising sell-off from Bitcoin's institutional investors has further fueled the downside pressure, pulling its price back to historic lows; however, analysts are hopeful for a sharp price rebound when demand returns to the market.


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