Bitcoin ETF Records $6.2B Outflows Since November Amid AI Capital Shift
Bitcoin spot ETFs have posted $6.2 billion in net outflows since November, marking the longest continuous redemption stretch in their history, Wintermute said in a Tuesday report. The firm said Bitcoin has fallen from an October 2025 peak of $126,000 to around $60,000 last Friday, erasing all gains made since President Trump's November 2024 election victory, as capital rotates toward AI narratives. Selling pressure is concentrated in the U.S., with the Coinbase premium remaining negative since December, heavy OTC selling by U.S. counterparties last week, and about $2.7 billion in liquidations wiping out rebuilt leverage. BlackRock's IBIT recorded roughly $10 billion in nominal trading volume during last Thursday's decline, while Digital Asset Treasuries face up to $25 billion in floating losses and spot demand remains weak, the report said.