U.S. spot bitcoin ETFs saw $228 million in outflows last week, easing pressure, while rising Treasury yields add new headwinds.
U.S. spot bitcoin exchange-traded funds recorded $228 million in outflows last week, marking a sixth consecutive week of redemptions. The cumulative total now stands at $5.94 billion, though the pace of withdrawals has slowed for a second week in a row, down from $315.84 million the prior week.
The decline follows four weeks of outflows exceeding $1 billion each, with the largest reaching $1.2 billion. Analysts suggest the slowdown signals a shift from aggressive institutional de-risking to more selective positioning, potentially stabilizing demand.
Meanwhile, the U.S. two-year Treasury yield rose to 4.21%, its highest level since February 2025, as oil prices fell. The divergence between yields and commodities adds fresh uncertainty to bitcoin’s near-term outlook.