US spot Bitcoin ETFs saw a record $6.35B in 30-day outflows as BTC fell 17%, with one analyst flagging $23,980 as a worst-case downside target.
Bitcoin News
US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) have posted their largest 30-day outflow since launching in January 2024. Galaxy Research provided the data behind the finding, reporting $6.35 billion in net outflows over the trailing 30 days. The figure marks the sixth straight week of outflows for the funds.
Cumulative net flows for spot Bitcoin ETFs have fallen to $53.4 billion, down from a peak of $63 billion in October 2025. Galaxy Research said the daily outflows are continuing to deepen. Bitcoin is trading at $64,167 at the time of writing, down 17.4% over the past month, with rising US inflation and geopolitical tensions in the Middle East adding pressure on the asset.
BlackRock Says Outflows Are Not One-Directional
BlackRock's US head of equity ETFs, Jay Jacobs, offered a different read on the figures. He said daily outflows can stem from causes unrelated to sentiment, such as an investor selling one BlackRock Bitcoin product to buy another. He pointed to the iShares Bitcoin Trust (IBIT) and the newly launched iShares Bitcoin Premium Income ETF (BITA) as an example of that kind of internal shift.
Jacobs noted that BlackRock manages more than 450 ETFs and index mutual funds spanning multiple asset classes. He said inflows and outflows happen every day across large-cap and small-cap equities, Bitcoin and gold. He added that short-term flows have not changed BlackRock's long-term view of the asset.
Analyst Flags $23,980 as Worst-Case Target
Technical analyst Jesse Olson said Bitcoin could fall by more than 60% to under $24,000 in 2026 if the US stock market suffers a major crash. Olson shared a chart anchoring a custom volume-weighted average price line to the 2022 bear market bottom, projecting $23,980 as a long-term support zone under severe macro stress.
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