I continued spot exchange-traded funds that track the two largest cryptocurrencies by market value, with their sharp and negative trend continuing, to complete 7 consecutive weeks in the red zone.
The last five trading days were particularly painful, as spot Bitcoin funds recorded their second-worst performance in terms of net flows since launching more than two and a half years ago.
Spot Bitcoin funds are bleeding heavily:
We previously discussed on Bitcoin Arabs the poor performance of spot Bitcoin funds repeatedly; however, the previous days of the week ending on June 26 carried a glimmer of hope.
Although both remained in the red, actual withdrawals were more moderate, reaching $316 million and $227 million respectively, down from $1.72 billion during the first week of June.
But investors once again put heavy pressure on the sell button, withdrawing a total of $1.79 billion from the funds. As a result, the funds’ performance in terms of net flows has been worse since late February 2025, when the figure reached $2.61 billion.
Total cumulative net inflows have fallen to $51.61 billion.
It is mentioned that by mid-May the figure had exceeded $59.30 billion, meaning the funds lost about $8 billion in less than two months.
The ongoing outflows from the funds are among the clearest reasons behind Bitcoin’s continued price struggle, which a few days ago dropped to a new multi-year low at $58,000.
Analysts are confident that flows must stabilize before Bitcoin gets a chance to recover.
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