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Bitcoin ETFs are suffering historic losses:
The largest Bitcoin ETF, $IBIT, posted -$244 million in net outflows last week, marking the 2nd-consecutive weekly withdrawal.
$IBIT has now experienced outflows in 8 of the last 10 weeks, with a total of just 20 weekly outflows since its introduction in January 2024.
As a result, its assets under management (AUM) are down to $67.6 billion, near the lowest since June 2025.
$IBIT's AUM has now declined -$32.0 billion, or -32%, since its October 2025 peak.
Overall, crypto funds recorded -$446 million in outflows last week, marking the 6th weekly withdrawal over the last 9 weeks.
Crypto is searching for a bottom.
$BTC
{spot}(BTCUSDT)