ISLAMABAD: Bitcoin exchange-traded funds (ETFs) in the United States have recorded outflows for the fourth straight week, driven by profit-taking and uncertainty surrounding global macroeconomic policies, as the wider cryptocurrency market continues to slide.
According to the Anadolu news agency, the total market value of cryptocurrencies has fallen sharply in recent weeks — dropping from $4.2 trillion last month to $2.8 trillion this week. Bitcoin, the world’s largest digital asset, has declined from $120,000 to $80,000 over the same period.
Spot Bitcoin ETFs have now seen $4.34 billion in cumulative outflows, compared to $1.22 billion just one week earlier.
Mustafa Batuhan Tufaner, associate professor of economics at Istanbul Beykent University, told Anadolu that institutional withdrawals from ETFs reduced liquidity and pushed down Bitcoin’s spot price, while falling prices triggered additional outflows.
“We can say there are two main reasons for the large ETF outflows in November: short-term profit-taking after the small surge in October, and uncertainty in global macro policies that reduced risk appetite — accelerating the shift from risky assets to cash,” he said.
Tufaner added that upcoming decisions on U.S. interest rates, inflation data, and employment figures will be critical for the crypto market. According to him, dovish signals from Federal Reserve officials and continued monetary expansion could support demand, while institutional inflows, regulatory developments, and shifts in leverage will shape short-term price movements.
