U.S.-listed spot Bitcoin ETFs extended their streak of outflows on Thursday, as analysts cautioned that Bitcoin is experiencing one of its weakest starts to a year in recent history.
According to SoSoValue data, the funds recorded $165.8 million in outflows on Thursday, bringing total withdrawals for the week to $403.9 million.
The latest redemptions put ETFs on track for a fifth straight week of losses, with year-to-date outflows reaching $2.7 billion.
Trading activity also declined, falling 21% over the week to its lowest level since late December, signaling reduced investor participation.
BlackRock’s iShares Bitcoin Trust (IBIT) led this week’s outflows with $368 million, based on figures from Farside Investors. Other U.S.-listed spot Bitcoin ETFs saw limited activity.
Data from TradingView shows BTC is down about 22% so far this year, marking one of Bitcoin’s poorest yearly openings.
