Bitcoin ETF investors are underwater. The average investor in BlackRock’s IBIT is now down roughly 40%, after sitting on a 30% gain as recently as mid-2025. U.S. spot bitcoin ETFs just saw $1.79B in weekly net outflows, their second-largest on record. Friday marked a seventh straight day of outflows and a record seventh consecutive week of net redemptions. Spot ether ETFs also extended their losing streak to seven straight weeks.(Frank Chaparro)