According to ChainCatcher, data from Galaxy Research shows that US-listed spot Bitcoin ETFs recorded approximately $6.35 billion in net outflows over the past 30 trading days. This marks the largest 30-day outflow for the products since their launch in January 2024. The data points to sustained pressure on the ETF funding side and indicates a clear cooling in institutional fund sentiment compared with earlier periods.
Largest 30-Day Outflow Since Launch
The figures show that Bitcoin ETFs have now posted six consecutive weeks of net outflows. The movement is therefore not limited to a single trading day, but has continued across several weeks. As redemptions and outflows have persisted, cumulative net inflows into US-listed spot Bitcoin ETFs have fallen back to about $53.4 billion, significantly below the peak reached in October 2025. Galaxy Research also noted that daily outflows are still continuing to expand.
Market participants believe the capital outflows may reflect a decline in institutional investors’ short-term risk appetite toward Bitcoin. Spot Bitcoin ETFs are among the key vehicles through which institutions and regulated channels gain exposure to Bitcoin. Six straight weeks of net outflows therefore provide a direct data point for assessing changes in institutional allocation behavior. The roughly $6.35 billion in net outflows over 30 trading days has become the largest outflow over that period since these ETFs began trading in January 2024.
Bitcoin Falls About 17% Over One Month
At the same time as the ETF outflows, Bitcoin’s price has fallen by about 17% over the past month and was reported at around $64,167. The report cited rising macro inflation and geopolitical conflicts as factors weighing on the asset. The simultaneous appearance of price weakness and ETF outflows adds further context to the view that short-term risk appetite has declined.
However, a BlackRock-related executive said ETF fund flows are affected by multiple factors, and that single-day or short-term outflows do not necessarily represent a change in the long-term trend. The executive also emphasized that BlackRock still views Bitcoin as a global decentralized asset class. Based on the currently disclosed data, the central points are the six consecutive weeks of net outflows from spot Bitcoin ETFs, the decline in cumulative net inflows to about $53.4 billion, and Galaxy Research’s observation that daily outflows are still widening.