BREAKING: US Bitcoin ETFs saw -$6.4 billion in outflows over the last 30 days, the largest 30-day outflow on record. Last week alone, Bitcoin ETFs posted -$233 million in withdrawals. Overall, crypto funds saw -$116 million in outflows last week, marking the 5th consecutive weekly outflow. This brings 12-month cumulative inflows into crypto funds down to +$5.0 billion, the lowest since August 2025. By comparison, the October 2025 peak stood at +$10.0 billion. As a % of assets under management, 12-month cumulative inflows are down to ~7%, from 16% in April, the lowest since July 2025. Negative sentiment continues to drive crypto market flows.(The Kobeissi Letter)