Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000

US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in weekly outflows, ending a three-week stretch of heavy investor demand.

The funds recorded withdrawals across all four trading sessions in the holiday-shortened week, marking their first weekly loss since mid-August.

SoSoValue data showed net withdrawals of $46.7 million Tuesday, the first trading day after the Labor Day holiday. Outflows accelerated to $120.2 million Wednesday and $282.6 million Thursday before easing to $13.3 million Friday.

The reversal remains modest compared with the preceding demand. Investors poured roughly $3.8 billion into the products over the previous three weeks as Bitcoin rallied briefly above $80,000, giving the cryptocurrency a steady source of buying during its August breakout.

That support has now stalled as the macro backdrop grows more difficult.

Ecoinometrics, a Bitcoin-focused research platform, said the run of negative sessions remains too short to establish a lasting reversal in ETF demand. But an extended streak would make it increasingly difficult for Bitcoin to hold above $75,000.

The concern is less about $462.7 million leaving the funds in isolation than what happens if the change persists. Spot ETFs have supplied significant marginal demand during Bitcoin's recovery, meaning sustained redemptions would remove some of the buying pressure that helped the cryptocurrency establish its latest trading range.