U.S.-traded spot Bitcoin ETFs experienced their largest 30-day net outflow since their launch. According to Galaxy Research data, a total of $6.35 billion was withdrawn from the funds in the last 30 days. This picture indicated that the sales pressure on Bitcoin-based investment products continued in major markets and institutional investors reduced their positions.
New record in 30-day series
According to the research, the latest release period ranked first among the 582 active 30-day windows monitored to date. Thus, the sharpest monthly net outflow was recorded in spot Bitcoin ETFs since the launch. While the data reveals that there is a change in the approach of institutional investors to these products, it was also stated that the interest in digital assets has not completely disappeared and new crypto investment tools continue to come to the market.
Galaxy Research, a US-based research organization, publishes data-driven analysis on crypto markets, blockchain ecosystem and investment products.
U.S. spot Bitcoin ETFs have posted net outflows for six consecutive weeks, according to Galaxy Research data, with the $6.35 billion draw in the last 30-day period standing out as the largest monthly outflow ever.
Cumulative inflows decreased
The research firm reported that spot Bitcoin ETFs have seen net outflows for the sixth consecutive week. As a result of this long-lasting trend, cumulative net inflows, which peaked at approximately $63 billion in October 2025, decreased to $53.4 billion. It was also stated that daily outflows are gradually increasing.
Market experts attributed this trend to institutions’ more cautious stance towards Bitcoin. In contrast, some representatives in the ETF industry argued that daily fund movements may not always fully reflect institutions’ overall approach to an asset class.
Different comment from BlackRock front
Jay Jacobs, Head of US Equity ETFs at BlackRock, said that the outflow of money from ETFs cannot be explained only by the negative view towards Bitcoin. According to Jacobs, investors occasionally turn to newer products or alternative funds with a similar structure. In this context, it was evaluated that transitions to related products such as the recently launched BlackRock iShares Bitcoin Premium Income ETF may also be effective.
Jacobs stated that ETF outflows cannot be explained only by a weak attitude towards Bitcoin, as investors can change their asset allocation among similar products.
Jacobs also stated that BlackRock continues to view Bitcoin as a decentralized and global currency. He pointed out that entries and exits in the ETF market are among the normal movements that can be seen in almost every product category.
Macro agenda came to the fore as price pressure continued
Bitcoin showed significant price fluctuations during the recent outflow from ETFs. While the asset was traded around $64,258 during the news period, its 24-hour trading volume was $27.48 billion. Bitcoin’s market value reached approximately $1.29 trillion and its market dominance reached 58.94%.
Bitcoin price decreased by approximately 17.4% in the last month. It was reported that high inflation and geopolitical tension between the USA and Iran were among the prominent pressure factors in this decline.
