Spot Bitcoin ETFs End the Week Deep in the Red With $1.7B in Outflows - Crypto Economy

TL;DR

• Heavy Outflows: Bitcoin ETFs saw $1.72 billion in weekly outflows, their worst since February 2025, with BlackRock’s IBIT alone losing $1.34 billion as macro pressure pushed investors toward higher‑yielding assets.
• Risk-Off Markets: Global markets turned sharply lower, with major Asian indices dropping as geopolitical uncertainty and rising Treasury yields fueled a broad risk-off move that hit tech, gold, and digital assets.
• Bitcoin Rebound: Bitcoin briefly recovered to $64,000 after a 15% weekly drop, with analysts calling it an oversold relief rally and expecting Bitcoin ETF flows to stabilize later in June.

Spot Bitcoin ETFs ended last week under heavy pressure, closing out their worst weekly performance since February 2025. Fresh data shows that investors pulled significant capital from the products as macroeconomic concerns and global market volatility weighed on sentiment. Despite a brief weekend rebound in Bitcoin’s price, the broader tone across risk assets remained cautious.

Weekly Outflows Hit $1.72 Billion

Bitcoin ETFs reported $1.72 billion in net outflows for the week, according to SoSoValue. The funds saw steady withdrawals each day except Thursday, when they recorded a brief $3 million net inflow. BlackRock’s IBIT, the largest Bitcoin ETF by net assets, accounted for the bulk of the outflows, with $1.34 billion exiting the product. This marked IBIT’s largest weekly outflow since launching in January 2024 and extended the negative trend that began in May, when Bitcoin ETFs posted $2.43 billion in monthly outflows.

Analysts pointed to macroeconomic pressure as the main driver. Andri Fauzan Adziima of Bitrue Research Institute said the strong May 2026 non‑farm payroll report reinforced expectations that the Federal Reserve would delay rate cuts. Higher Treasury yields made traditional fixed‑income assets more appealing than non‑yielding Bitcoin, prompting investors to rotate out of Bitcoin ETFs.


Global Risk-Off Mood Deepens

The outflows came as geopolitical uncertainty and broader market weakness intensified. Asian equities were hit particularly hard. South Korea’s Kospi dropped 8.29% on Monday, while Japan’s Nikkei 225 fell 3.85% and Taiwan’s TAIEX slid 3.48%. Adziima noted that the risk-off move extended across sectors, affecting AI, tech stocks, gold, and digital assets alike. Still, he expects conditions to improve later in June as fear subsides and seasonal trends turn supportive. Any macro relief, he said, could help Bitcoin ETFs stabilize or even return to modest inflows.

Bitcoin Sees Relief Rally

Despite the ETF outflows, Bitcoin itself staged a weekend rebound. The asset briefly touched $64,000 before settling near $63,000. Analysts described the move as an oversold relief rally following last week’s 15% slide. Whether the bounce holds may depend on how quickly macro pressures ease and whether Bitcoin ETFs can shake off their current losing streak.