Bitcoin Falls to One-Month Low as U.S.-Listed Spot Bitcoin ETFs Record More Than $1.25 Billion in Weekly Outflows
Bitcoin fell to a one-month low as U.S.-listed spot Bitcoin ETFs and broader Bitcoin ETPs posted heavy withdrawals, extending a two-week outflow streak and signaling weaker demand through regulated products.
Bitcoin fell to its lowest level in a month after a weak week for regulated Bitcoin investment products. U.S.-listed spot Bitcoin ETFs had already recorded more than $2.26 billion in net outflows over a two-week period, and the latest market update reported more than $1.25 billion in weekly ETF outflows, while Bitcoin ETPs were described as seeing about $1.2 billion in weekly net outflows. The differing weekly figures likely refer to closely related but not necessarily identical product groupings. The broader roundup also noted record Ethereum Layer 1 transaction volume, a proposed U.S. Bitcoin reserve targeting 5% of Bitcoin’s total supply, Futu’s planned RMB 1.85 billion CSRC fine, and other project and security updates.
- Bitcoin ETPs: Exchange-traded products tied to Bitcoin that let investors gain exposure through regulated market instruments rather than holding the asset directly.
- Ethereum L1: Ethereum’s base blockchain layer, where core transactions are processed and settled on the main network.
- Net outflows: The amount of money leaving an investment product after subtracting any inflows during the same period.