Bitcoin ETFs post $1.79B weekly net outflow, extending the longest streak of withdrawals to seven weeks

CoinDesk reports that bitcoin exchange-traded funds saw another sharp wave of redemptions last week, with net outflows totaling $1.79 billion for the week ended July 26, according to SosoValue. The figure is the largest weekly withdrawal since spot Bitcoin ETFs launched in January 2024. The latest reading extends the sector's net outflow streak to seven consecutive weeks, the longest sustained drawdown since inception. Selling pressure was expected to ease after the prior week's slowdown, but the data show withdrawals accelerated instead. Key figures: - Weekly net outflow: $1.79 billion - Statistics cutoff date: July 26 - Consecutive weeks of net outflows: 7 The report attributes the prolonged outflows mainly to institutions trimming exposure as extended price volatility reduces appetite for allocations. Softer ETF flows have also weighed on sentiment more broadly, with the article suggesting waning confidence among both institutional and retail investors, amplifying selling during pullbacks. As outflows widen, bitcoin has retreated to the lower end of the range it reached in 2024. CoinDesk links the move to continued ETF redemptions and heavier institutional selling. The report adds that a rebound in demand could still trigger a sharp recovery, but near-term focus remains on whether ETF flows stabilize and whether institutional allocation interest returns.