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Bitcoin ETFs turn negative for 2026 after $1.28B weekly outflow

US spot bitcoin ETFs recorded $1.28 billion in net outflows for the week, the heaviest since June, pushing the group’s year-to-date flows negative for 2026. BlackRock’s IBIT accounted for 98% of Friday’s outflows, with $403 million leaving the industry-leading fund.

Original source

AI take

The concentration of Friday's selling in a single dominant fund is the detail that matters: when the largest, most liquid vehicle absorbs nearly all the outflow, it points to institutional repositioning rather than a broad retail retreat. The swing to negative year-to-date flows also gives the ETF complex a weaker footing as a demand signal for spot bitcoin. Whether the outflows stay concentrated in IBIT or spread across issuers is the open question, since a broadening would suggest a shift in sentiment rather than a single-fund adjustment.

Generated by AI for reference only.

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