Bitcoin ETF Outflows Hit Record $6.4B as BTC Drops 17%

Cumulative net flows for spot Bitcoin ETFs have fallen to $53.4 billion, down from a peak of $63 billion in October 2025. Galaxy Research said the daily outflows are continuing to deepen. Bitcoin is trading at $64,167 at the time of writing, down 17.4% over the past month, with rising US inflation and geopolitical tensions in the Middle East adding pressure on the asset.

BlackRock Says Outflows Are Not One-Directional

BlackRock's US head of equity ETFs, Jay Jacobs, offered a different read on the figures. He said daily outflows can stem from causes unrelated to sentiment, such as an investor selling one BlackRock Bitcoin product to buy another. He pointed to the iShares Bitcoin Trust (IBIT) and the newly launched iShares Bitcoin Premium Income ETF (BITA) as an example of that kind of internal shift.

Jacobs noted that BlackRock manages more than 450 ETFs and index mutual funds spanning multiple asset classes. He said inflows and outflows happen every day across large-cap and small-cap equities, Bitcoin and gold. He added that short-term flows have not changed BlackRock's long-term view of the asset.

Analyst Flags $23,980 as Worst-Case Target

Technical analyst Jesse Olson said Bitcoin could fall by more than 60% to under $24,000 in 2026 if the US stock market suffers a major crash. Olson shared a chart anchoring a custom volume-weighted average price line to the 2022 bear market bottom, projecting $23,980 as a long-term support zone under severe macro stress.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.