Crypto ETFs Bleed $1.5B as Bitcoin Funds Extend Losses

Institutional demand for crypto ETFs investment products continued to weaken last week, with US spot Bitcoin exchange-traded funds (ETFs) recording more than $1 billion in withdrawals for the second consecutive week. The selling extended across most digital asset funds, leaving Avalanche ETFs as the only category among 15 tracked groups to attract net inflows. Bitcoin ETFs lost approximately $1.07 billion between November 9 and November 13, according to SoSoValue data. Combined, US spot crypto ETFs recorded around $1.55 billion in net outflows during the week, highlighting the extent of the pullback in institutional exposure.