Bitcoin ETFs Bleed $1.2B in Third-Largest Weekly Exodus - Friday Rally Can’t Stop the Hemorrhage

Another brutal week for Bitcoin ETFs as institutional investors pull the plug on $1.2 billion worth of exposure.

The Great Unwinding Continues

That makes three straight weeks of massive outflows hitting crypto's flagship investment product. Friday's dead-cat bounce did little to stem the bleeding - just another temporary relief rally in what's becoming a painful trend for ETF bulls.

Wall Street's Cold Feet

Traditional finance players are showing their true colors - first to jump in during the mania, first to bail when volatility strikes. The $1.2 billion exit marks the third-largest weekly withdrawal since these products launched, suggesting the smart money might be getting smarter about crypto's rollercoaster nature.

Meanwhile, Bitcoin maximalists are probably nodding smugly about this being exactly why you should hold your own keys rather than trust Wall Street's paper Bitcoin. Because nothing says 'store of value' like watching institutions panic-sell at the first sign of turbulence.

Bitcoin ETFs Log Second-Biggest Daily Outflow at $900M

The pressure continued into Friday, despite a brief rebound across risk assets. Thursday alone saw more than $900 million in redemptions, marking the second-largest single-day exit for the category.

The sharp moves come during a six-week slide in Bitcoin’s price, which briefly touched $81,000 early Friday, its lowest level since April.

Bitcoin has now fallen roughly 33% from its October peak above $126,000, dragged down by shifting macro expectations, including fading hopes for a third Federal Reserve rate cut in 2025, and renewed anxiety over stretched valuations in the artificial intelligence sector.

The largest hit came from BlackRock’s iShares bitcoin Trust (IBIT), which saw more than $1 billion withdrawn over the week.

Grayscale’s GBTC and Fidelity’s FBTC followed with outflows of $172 million and $116 million, respectively.

But Friday brought a change in tone. Fidelity’s FBTC added $108 million in fresh capital, the strongest daily inflow among the group.

Grayscale’s Bitcoin Mini Trust (BTC) and GBTC also bounced back, posting $61.5 million and $84.9 million in inflows.

Despite the downturn, some analysts remain unfazed. Bloomberg’s Eric Balchunas, commenting on X, pushed back against pessimistic predictions, noting Bitcoin’s long history of recovering from DEEP corrections.

“This asset has survived half a dozen drawdowns worse than this, only to hit new highs every time,” he wrote, comparing Bitcoin’s durability to top-performing stocks like Apple and Amazon. In a separate post, he joked that Bitcoin “should definitely be treated as hot sauce.”

I get the haters dunking on btc's slide (enjoy, this is your time) but what I don't get is the obituaries being written. This asset has survived like half a dozen drawdowns worse than this only to hit ATHs every time. The only other things w that Rocky-esque record are stud…

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The turbulence in Bitcoin funds coincides with the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.