Bitcoin is stuck near $64,000 as ETF outflows reach a sixth week
Bitcoin traded near $64,000 as U.S. spot Bitcoin ETFs recorded a sixth consecutive week of net outflows, signaling continued selling pressure. The prolonged ETF outflows have contributed to Bitcoin's price stagnation, with investors showing caution amid macroeconomic uncertainty.
Background
Bitcoin spot ETFs (exchange-traded funds) were approved in the US in early 2024, letting mainstream investors buy Bitcoin exposure through a regular stock-market fund. This drove a big rally and record inflows. Now, for six straight weeks, those funds have seen net outflows — meaning more money is leaving than entering — a sign of fading demand from institutional and retail investors. The price has stagnated around $64,000, well below its 2024 peak near $73,000. Persistent outflows suggest that the initial ETF euphoria has worn off, and broader macroeconomic factors (interest-rate uncertainty, regulatory headwinds) are weighing on sentiment.