Spot exchange-traded funds in the United States faced an adverse scenario by recording weekly Bitcoin ETF outflows totaling 1.11 billion dollars. According to data provided by the analytics platform SoSoValue, this negative movement occurring between November 10 and 14 marks the third consecutive week of institutional capital drainage.
On the other hand, the breakdown of figures reveals that BlackRock’s IBIT product suffered the hardest hit, losing 532.41 million dollars in net flows during this critical period. Likewise, the Grayscale Bitcoin Mini Trust was not far behind in losses, recording withdrawals nearing 290 million dollars at the close of the week, evidencing a generalized retreat by investors.
Does this capital flight represent a strategic opportunity or an imminent risk?
It is vital to understand the experts’ perspective on this situation, as noted by Przemysław Kral, CEO of the exchange zondacrypto, who warns about volatility. The executive explains that we must beware of weekend liquidity, because as it is thinner, forced sales tend to move the market much more aggressively and sharply.
In this way, Simon Gerovich, CEO of Metaplanet, adds that these financial instruments are simply “static exposure” that does not increase real holdings of the underlying asset. Therefore, although long-term investors have the chance to accumulate at reduced prices, short-term traders face significant challenges in timing an effective recovery in the current environment.
Finally, this massive withdrawal of funds has coincided with a price drop of the asset towards 95,200 dollars, its lowest level in six months. Widespread liquidations in the cryptocurrency market suggest that institutional demand is cooling, leaving an uncertain landscape where the market’s support capacity will be tested in the coming days.
