Bitcoin ETFs drain billions as traders watch for a crypto rebound

Spot bitcoin ETFs have pulled about $4.3 billion in outflows over the past five weeks, with US-listed funds like IBIT and GBTC showing roughly $2.6 billion of outflows in 2026, signaling waning institutional demand even as bitcoin remains in a bear market. The cryptocurrency has traded in a tight $60,000–$70,000 range, with near-term risk centered around $60k support and a potential rally above $72k–$75k. Macro headwinds—higher interest rates, a stronger dollar, and tariff uncertainty—keep pressure on risk assets. Analysts say a sustained rebound would likely require renewed institutional and real-economy adoption of bitcoin as a store of value, rather than a single data point trend.