Bitcoin remained above the $60,000 level on Saturday even as U.S. spot Bitcoin ETFs posted one of their largest weekly outflows since launching in January 2024.
Currently, Bitcoin was trading at $60,260, representing a gain of 1.44% over the last 24 hours. The world’s leading cryptocurrency reported $30.16 billion in daily trading volume, whereas its market capitalization amounted to $1.21 trillion. Bitcoin also retained 58.10% share of the total cryptocurrency market, signaling that the digital currency is still dominating the space despite selling pressure.
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Bitcoin ETFs Record Biggest Weekly Outflow Since Launch
As per a recent X post, U.S. spot Bitcoin ETFs saw $1.79 billion in net outflows in the last week, marking the biggest weekly withdrawal since the introduction of the investment vehicles in January 2024.
The selling pressure hit several major ETF providers, such as BlackRock’s IBIT that managed to attract billions of dollars from institutional investors amid strong performance of Bitcoin. The latest withdrawals also reversed total U.S. spot Bitcoin ETF flows into the negative for 2026.
Capital Continues Leaving the Crypto Market
Glassnode analysts noted that the recent withdrawal could be considered as one of the most prolonged periods of the constant outflow of capital from Bitcoin ETFs since their launch. As per the firm’s estimates, the investors are opting for risk reduction instead of buying additional Bitcoin at lower levels.
As per Bloomberg report, approximately $4.5 billion has exited Bitcoin ETF products so far this year, highlighting the scale of institutional selling throughout 2026.
Investor Losses Mount After Market Correction
Bitcoin’s ETF losses occurred amid a tough situation in the entire cryptocurrency market. Following the major sell-off that started in October, digital assets have been struggling with recovery.
Total market value of all cryptocurrencies has declined to about $2 trillion, which is a massive fall compared to the pre-correction highs that were above $4 trillion.
Lower activity of investors and institutional interest has made it harder for cryptos to recover.
Meanwhile, many investors have redirected their attention to other asset classes such as artificial intelligence-related investments and prediction market platforms, where capital would otherwise go to the crypto market.
The recent sell-off has hurt the majority of investors that joined Bitcoin ETFs in times of market strength.
BlackRock’s $44.4 billion IBIT proved to be one of the fastest-growing ETFs in 2024, with many early investors gaining around 30% of returns by mid-2025. However, Bitcoin’s prolonged decline has wiped out these gains, leaving the average investor with losses of around 40%, as estimated by Bespoke Investment Group.
Bitcoin ETF Flows Shape Market Direction
The record ETF outflows matter because spot Bitcoin ETFs have become one of the largest sources of institutional demand since their approval. Large outflows indicate that professionals are losing confidence, which can put additional selling pressure on Bitcoin’s prices.
However, ETF flows are only one part of the market. Bitcoin managed to recover from the periods of institutional selling when overall market sentiment improved or new demand emerged.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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