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JiebiNet news: Bitcoin ETFs have continued to face large-scale sell-offs over the past two months. More than 100,000 BTC has been withdrawn from funds in total, setting a historic largest drawdown. According to the latest data from crypto analytics platform CryptoQuant, the net inflow of U.S. spot Bitcoin ETFs has fallen significantly, and the sell-off wave has caused Bitcoin funds to lose more than $11 billion. Since January 2024, this has marked the biggest decline experienced by Bitcoin funds. Although Bitcoin ETFs were once regarded as an important milestone for Bitcoin adoption at the time of their launch, recent outflows show investors’ cautious stance. Over the past two months, Bitcoin ETFs have seen the longest daily outflow streak on record, with investors continuing to withdraw funds almost every week.