Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
US spot Bitcoin ETFs saw $1.16 billion in net outflows over three trading days, including $116 million on Tuesday. Bitwise research head André Dragosch said the withdrawals reflect short-term risk aversion and weaker market sentiment, not a lasting shift in institutional sentiment. He cited a survey in which 15 institutions reported no reductions in Bitcoin ETF exposure and regulatory filings showing most institutional categories maintained positions. Outflows slowed from $643 million on Friday and $399 million on Monday. The funds’ net outflows for 2026 reached about $153 million. The withdrawals followed a reported $6.3 billion Binance hack, which renewed concerns about ETF custody. Dragosch said the hack involved exchange hot wallets, unlike institutional funds’ cold-storage arrangements.
