Large-scale redemptions


The US spot Bitcoin ETF recorded a net outflow of $1.7 billion last week—marking the largest weekly outflow in over a year—and continued a streak of 13 consecutive days of outflows since May 15, with total outflows of approximately $4.37 billion.
Price impact
Bitcoin's price briefly dropped below $60k for the first time since 2024, with a weekly decline of about 17%—possibly the worst weekly performance since the FTX collapse in November 2022.
Institutional shift
Only BlackRock's iShares Bitcoin Trust (IBIT) contributed about $1.34 billion in outflows, indicating that institutions are generally engaging in de-risking operations.
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