Foreign media: According to Bloomberg Intelligence ETF analyst James Seyffart, the withdrawal of funds from ETF in Bitcoin is more pronounced than the market generally feels. According to him, the net inflow of such products had fallen from a high of about $63 billion to just over $51 billion, meaning that the higher peaks had returned more than $111 billion.

Flowing out to the low of February.

In a programme, Seyffart stated that this round of foreclosures had put the financial flow of Bitcoin ETF below the low point of February and had become a longer and more stressful period since the product was put on the market. In his view, the current sales pressure had not diminished but was accelerating.

  • June 25th, single-day outflows about $700 million
  • About $445 million the next day.
  • About $232 million and $223 million respectively in the following days.

The institutional trade and emotions are weakening.

As to the reasons for the withdrawal, Seyffart did not consider that there was a single explanation. Previously, the base-side trade that had underpinned the entry of some of the institutional funds had generally receded, and the market's concerns about the stability of Strategy and its Bitcoin were stifling.

He also mentioned that market attention was now shifting to other tracks. Compared to Bitcoin ETF, AI and space-related topics attracted more funding and discussion, which also undermined the willingness of some investors to continue to configure the products.

New products continue to be distributed

Despite the continuing financial outflows, the new Bitcoin ETP is still being introduced. It was reported that Goldman Sachs and Beled had both been on line to view an increase in future-type bitcoin earnings ETF, which were mainly aimed at investors who wished to reduce volatility while reaping returns.

Seyffart argued that there was a real demand in the market for low-volatile bitcoin openings, but that there were still differences as to the suitability of high-volatile assets for such products in exchange for gains by limiting the increase in space.

He also describes the current ETP wave of "Italian Spaghetti Guns" which means that the product is so dense and new. In contrast, a number of newer small-scale products showed more stable performance, including Solana, XRP and Hyperliquid-related ETFs. According to them, when these products were introduced at the bear market stage, they performed better than partially mature bitcoin and Etherwood funds.