US spot Bitcoin ETF balances have experienced their largest drawdown of the current cycle, declining by approximately 100.3k BTC since reaching a new all-time high in early October. This downturn is exacerbated by institutional de-risking, which adds structural weight to the ongoing weakness in the market and reflects a broader risk-off environment. Additionally, the 30-day simple moving average of net flows for both Bitcoin and Ethereum spot ETFs has remained negative for most of the past 90 days, indicating a lack of renewed demand for these investment vehicles.
Bitcoin Spot ETF Balances Drop by ~100.3K BTC Amid Institutional De-risking
