Capital outflows from Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) have now extended into their seventh week.
Data from SoSoValue shows that investors continue to pull money from about a dozen U.S.-listed ETFs that track the spot price of Bitcoin.
Over the past week, Bitcoin ETFs registered $1.35 billion U.S. of outflows. The capital exit comes as investor appetite for crypto weakens amid growing uncertainties for risk assets.
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Bitcoin ETFs recorded their largest daily outflows of the month on June 25 as Bitcoin's price dropped below $60,000 U.S. for the third time in 2026.
Spot Bitcoin ETFs lost $696.3 million U.S. on the day, surpassing the previous monthly high of $519.2 million U.S. seen on June 2.
The latest withdrawals have pushed June's total outflows from Bitcoin ETFs to $3.61 billion U.S. and put the year-to-date net outflows at $4.6 billion U.S.
Analysts say that Bitcoin ETF outflows are largely being led by institutional investors, who are moving money into other areas of the market that are viewed as safe havens.
Investors are getting more defensive amid signs that interest rates are likely to rise in the U.S. later this year, allocating capital to assets with clearer fundamentals.
Crypto has been pressured over the past week after the U.S. Federal Reserve struck a hawkish tone on interest rates and indicated that they are likely to rise as it battles inflation.
Inflation in the U.S. is currently at an annualized 4.2%, more than double the central bank's 2% target.
Higher interest rates are negative for speculative risk assets such as cryptocurrencies, which traditionally offer no yields.
Bitcoin is currently trading at $60,000 U.S., though it has been as low as $58,000 U.S. in recent days and near a two-year low.