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After weeks of persistent outflows, spot bitcoin ETFs have recorded their longest ever streak of weekly net outflows. Friday's $444.51 million outflow marked the seventh consecutive negative week. Data show the average IBIT (iShares Bitcoin Trust) investor is now sitting on losses of approximately 40%.
According to market data, IBIT shares closed at $33.85 on June 26, significantly below previous levels. This coincides with a continued decline in bitcoin prices amid regulatory concerns and weak institutional demand. The performance reflects diminished confidence in cryptocurrencies as an asset class.
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Sign InAt the June 26 close, IBIT stood at $33.85. Traders are watching for a break of support near $33, as persistent outflows could intensify pressure. No major direct catalysts are on the near-term calendar, but any regulatory news or bitcoin price moves may shift the trend.