Bitcoin ETFs register sixth week of outflows, but pressure eases.
- Bitcoin ETFs lose $226 million in a week.
- Capital outflows slow 87% in six weeks.
- Bitcoin maintains support despite institutional bailouts.
Bitcoin spot ETFs traded in the United States ended another week with a negative balance, marking the sixth consecutive sequence of withdrawals by investors. Recent data shows that the funds registered net outflows of approximately US$226,8 million in the week ending June 18, extending a trend that has already removed about US$5,94 billion from the segment over the past six weeks.
Despite the significant number, the intensity of withdrawals has been losing momentum. In early June, Bitcoin ETFs faced a weekly outflow of nearly US$1,72 billion. Since then, redemptions have gradually decreased, reaching the current level, which represents an approximately 87% reduction in selling pressure observed during this period.
According to industry analysts, the behavior of the flows suggests that the most intense phase of liquidations may be coming to an end. Jeff Ko, chief analyst at CoinEx, highlighted that a large part of the outflows is not necessarily linked to investors abandoning their Bitcoin positions.
"To me, this suggests that the sell-off is largely winding down, rather than accelerating," said Jeff Ko, chief analyst at CoinEx.
According to the expert, a significant portion of the redemptions is related to the closure of arbitrage operations and institutional hedging strategies, and not to a definitive reduction in Bitcoin exposure. He also noted that investors with a long-term profile, including pension funds and endowment funds, showed greater resilience during the period of outflows.
Meanwhile, some of the capital appears to be migrating to another segment that dominates the attention of global markets: artificial intelligence. Jeff Mei, COO of BTSE, believes that the growing interest in AI-related companies has influenced the redistribution of resources among large investors.
“We believe investors are simply allocating capital to AI stocks, considering SpaceX’s IPO and the attention the AI sector is attracting right now,” Mei said.
The executive added that companies like OpenAI and Anthropic have not yet gone public, a factor that keeps investor expectations high regarding the sector.
Even with continuous withdrawals from Bitcoin ETFs, the largest cryptocurrency on the market has shown resilience. The asset remains trading near the US$64 range, indicating that demand from other market participants continues to absorb some of the pressure generated by fund redemptions.
Investors should closely monitor upcoming ETF flow reports, especially to see if the slowdown in outflows will continue in the coming weeks and could open the door for a return of net capital inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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