Bitcoin ETFs extend losses as BTC falls to $69.
- Bitcoin ETFs have experienced 11 consecutive days of outflows.
- Bitcoin falls nearly 4% and tests key support.
- Institutional investors are reducing their exposure to the market.
US spot bitcoin ETFs extended their losing streak, marking their 11th consecutive day of net outflows. This movement follows a May marked by significant redemptions, indicating that institutional investors continue to adopt a more cautious stance given the current macroeconomic conditions.
recent data The funds recorded net outflows of approximately US$483,8 million on Monday. The majority of this volume came from BlackRock's IBIT, responsible for about US$440,3 million in withdrawals. Among the monitored ETFs, only Morgan Stanley's MSBT showed a positive balance, receiving approximately US$6,14 million in new investments.
With the most recent result, bitcoin ETFs have accumulated approximately US$3,45 billion in net outflows over the last 11 trading days. This trend extends the negative performance recorded in May, when the funds ended the month with withdrawals of approximately US$2,43 billion, the largest monthly outflow volume since November 2025.
According to Andri Fauzan Adziima, head of research at the Bitrue Research Institute, the combination of persistent inflation, high yields on US Treasury bonds, and reduced expectations for interest rate cuts helped to pressure ETF inflows.
"The $2,43 billion outflow from ETFs in May was caused by rising inflation, higher Treasury yields, and fading hopes of interest rate cuts," he said.
According to the analyst, the reduced expectations for economic improvement have led some institutions to migrate resources to other segments of the financial market. Among the sectors that have been attracting greater interest are companies linked to artificial intelligence, considered by some investors as more attractive alternatives at this time.
“The continuous capital outflows, which have now lasted for 10 consecutive days, point to a clear weakness in the market,” said Adziima. “To be blunt: this reflects persistent institutional caution and constant selling pressure. It’s a bearish signal in the short term and increases the risk of further declines.”
Meanwhile, Bitcoin also experienced strong selling pressure. The leading cryptocurrency in the market was trading around $69.926,82, accumulating a drop of almost 4% in the last 24 hours. The decline occurred amid deteriorating investor sentiment and an increased search for assets considered less exposed to volatility.
In addition to macroeconomic concerns, analysts highlight that tensions involving the United States and Iran have contributed to increased risk aversion in global markets. Another factor that drew attention was the recent sale of BTC by Strategy, a move that generated debate about the behavior of large cryptocurrency holders.
“MicroStrategy’s announcement about the potential sale of Bitcoins was poorly timed and generated significant negative sentiment,” said Adziima. “This undermined the corporate ‘buy and hold’ narrative and accelerated the recent decline.”
Despite the current weakness, the analyst observed that the negative flow in ETFs does not necessarily represent a rejection of Bitcoin. In his assessment, the current movement is more related to a risk reduction strategy on the part of institutions than to a structural change in perception about the largest cryptocurrency in the market.
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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