According to ChainCatcher, citing data from Galaxy Research, U.S.-listed spot Bitcoin ETFs recorded about $6.35 billion in net outflows over the past 30 trading days. The figure marks the largest 30-day outflow since the products were launched in January 2024 and shows a clear cooling in institutional funding sentiment toward the asset class.
Six consecutive weeks of net outflows
The data shows that Bitcoin ETFs have now posted net outflows for six straight weeks. As the outflows continued, cumulative net inflows fell back to about $53.4 billion, down significantly from the peak reached in October 2025. Galaxy Research noted that daily outflows are still expanding, indicating that the recent pressure on ETF flows has not yet eased.
Since their launch in January 2024, U.S. spot Bitcoin ETFs have served as an important channel for institutional exposure to Bitcoin. The latest 30-day outflow record therefore provides a notable snapshot of changing allocation behavior. Market participants believe the outflows may reflect a decline in institutional investors’ short-term risk appetite for Bitcoin.
Bitcoin price falls about 17% over the past month
During the same period of ETF redemptions, Bitcoin’s price also moved lower. Over the past month, Bitcoin fell by about 17% and was quoted at around $64,167. The input information cited rising macro inflation and geopolitical conflicts as factors weighing on the price, leaving both ETF flows and the underlying asset under pressure in the recent period.
However, a BlackRock-related executive said ETF flows are influenced 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 continues to view Bitcoin as a global decentralized asset class. Against the backdrop of six consecutive weeks of net outflows, the Galaxy Research data offers the latest reading on institutional demand for U.S. spot Bitcoin ETFs.