Bitcoin held above the $60,000 level on Saturday despite strong outflows seen in spot Bitcoin ETFs in the US. Bitcoin traded at $60,260, up 1.44% in the last 24 hours. Daily trading volume was recorded as $30.16 billion and market value was $1.21 trillion. Bitcoin, whose share in the total cryptocurrency market is 58.10%, continued to determine the main direction of the market despite the selling pressure.
Weekly outflow in ETFs accelerated
US spot Bitcoin ETFs saw a total net outflow of $1.79 billion last week. This figure was one of the largest weekly outflows recorded since products opened for trading in January 2024. The latest move also turned total US spot Bitcoin ETF flows through 2026 negative again.
Outflows affected major issuers, including BlackRock’s IBIT fund. IBIT was among the fastest-growing ETFs of 2024 with strong inflows from institutional investors. As one of the world’s largest asset management companies, BlackRock has a decisive influence in the global ETF market.
Glassnode analysts state that the recent movement can be considered one of the longest-running outflow periods of capital since spot Bitcoin ETFs began trading, and that investors prefer to reduce risk rather than making additional purchases at low levels.
According to Bloomberg data, approximately $4.5 billion has emerged from Bitcoin ETF products since the beginning of the year. This chart pointed out the extent of the sales trend on the corporate side through 2026.
| Indicator | Data |
|---|---|
| Bitcoin price | $60,260 |
| 24 hour change | 1.44% increase |
| Weekly ETF net flow | -$1.79 billion |
| 2026 total ETF outflow | Approximately $4.5 billion |
General weakness in the market remains in effect
The losses in Bitcoin ETFs coincided with the weak outlook for the overall cryptocurrency market. After the sharp sales wave that started in October, digital assets had difficulty recovering. The total market value of all crypto assets has fallen to approximately $2 trillion. At pre-correction peaks, this value was over $4 trillion.
The slowdown in investor activity and the weakening of institutional interest made the recovery even more difficult. Some of the capital has also shifted to artificial intelligence-focused investments and prediction market platforms. This trend caused funds that would normally enter the crypto market to turn to different areas.
Early investors’ gains wiped out
The recent sell-off has negatively impacted investors who got into Bitcoin ETFs, especially when the market was stronger. By mid-2025, early investors had seen returns of around 30%, according to Bespoke Investment Group calculations. However, Bitcoin’s prolonged pullback has largely erased these gains, leaving the average investor facing a loss of approximately 40%.
Spot Bitcoin ETFs have become one of the most important sources of institutional demand since their approval. High outflows from these products indicate that the weakening of professional investor confidence may create additional pressure on prices.
By contrast, ETF flows reflect only a portion of the market. Bitcoin has previously regained strength after periods of institutional selling, when general risk appetite recovered or when new demand emerged.
