Bitcoin ETFs Shed $1.16B as Bitwise Sees Short-Term Selling Pressure

Spot Bitcoin exchange-traded funds (ETFs) recorded $1.16 billion in net outflows, reflecting a sharp shift in investor sentiment. André Dragosch, head of research at Bitwise, described the selling as 'short-term,' driven by weaker market sentiment rather than a fundamental change in institutional positioning. He noted that institutions have largely maintained their exposure despite the pullback. The outflows come amid broader crypto market volatility, with Bitcoin's price struggling to hold key levels. While retail investors have shown signs of caution, Dragosch emphasized that long-term holders and professional allocators remain engaged. The $1.16 billion figure marks one of the largest weekly redemption totals since the launch of spot Bitcoin ETFs, underscoring the sensitivity of these products to short-term price swings. Analysts will watch whether outflows continue or stabilize as the market digests macroeconomic signals. For now, the data suggests a pause rather than a reversal in institutional adoption.