According to the data, the Bitcoin ETF market again experienced large financial outflows last week, with net single-week outflows amounting to $1.79 billion, creating the largest single-week withdrawal record of such products since their launch in January 2024. The continuing outflow was accompanied by a fall in the price of bitcoin to the low zone that had existed in 2024.
Seven weeks in a row.
According to SosoValue, in the week of July 26, bitcoin ETF had a total outflow of US$ 17.90 billion. This size exceeds all previous single-week records, which also means that the plate's voltage continues.
The article mentions that Bitcoin ETF has experienced a seven-week cycle of net outflows, making it the longest round of withdrawals since the product went online. The market had previously anticipated a reduction in sales pressure following a slowdown in outflows during the previous week, but the latest data indicated a further increase in withdrawals.
- Net one-week outflows: $1.79 billion
- Statistical deadline: 26 July
- Number of consecutive net outflow weeks: 7 weeks
Continued withdrawal of institutional funds
In terms of the financial structure, this turns out to be a major reflection of the continuous decline in the exposure of institutional investors to bitcoin. In the original version, long-term price fluctuations weakened the willingness of institutions to allocate and continued withdrawal of funds from ETF products, undermining the market.
In the context of the weakness of ETF funds, there has also been a parallel weakening of market sentiment. According to the article, not only institutional investors, but also the confidence of the diaspora in bitcoin is declining, which further exacerbates the pressure on sales when prices fall.
Bitcoin returns low 2024.
As capital outflows expanded, bitcoin returned to the price areas that it had touched in 2024. The article links this trend to the continuing loss of blood in ETF, arguing that the downside pressure is exacerbated by the agency's sales.
However, it is also mentioned that bitcoin prices may still rebound faster if market demand rises. The more immediate point of view remains whether ETF financial flows have stopped falling and whether the willingness to allocate institutions will be restored.