MarketsBloomberg Analyst: Most Bitcoin ETF Holders Remain Steadfast Amid Outflows

Despite significant withdrawals from Bitcoin ETFs this year, the overall crypto ETF landscape shows greater resilience than recent reports indicate.

By AI Boost Jun 12, 2026, 3:49 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on

Latest developments: The cryptocurrency market faces challenges as Bitcoin hovers around $60,000, with ETF outflows persisting.

  • Bitcoin ETFs have experienced four straight weeks of net outflows exceeding $1 billion.
  • According to James Seyffart from Bloomberg Intelligence, approximately $9 billion has been withdrawn from Bitcoin ETFs since their recent peak.
  • Despite these withdrawals, Seyffart highlighted that Bitcoin ETFs still boast around $50 billion in net inflows overall since their inception.
  • The decline in crypto prices is compounded by worries about a recently revealed Zcash privacy flaw and a broader risk-averse market sentiment.

What this means: Seyffart believes that investors might be overreacting to the ETF redemptions.

  • He likened the current situation to previous ETF cycles, where robust inflows were often succeeded by phases of consolidation and withdrawals.
  • ETF products are intended to offer liquid exposure, making buying and selling a standard aspect of market dynamics.
  • Many investors have chosen to remain invested, even amidst the considerable volatility of underlying crypto assets.
  • "A few steps forward and a few steps back" represents a healthy evolution for an emerging asset class, Seyffart remarked.

The contrast: Investor activity varies across different crypto ETFs.

  • Seyffart noted that Solana and XRP ETFs have continued to draw in investments, even while launching in a challenging market environment.
  • He pointed out that these ETFs have not encountered the same level of outflows as Bitcoin and Ethereum ETFs.
  • Hyperliquid ETFs have also made a strong entrance, gathering approximately $161 million in assets since their debut in May, according to Seyffart.
  • Investors seem to regard these products as minor portfolio components rather than high-stakes speculative investments.

Reading between the lines: The competition for investor interest reaches beyond just crypto assets.

  • Seyffart mentioned that the allure of AI and space-related investments is diverting capital and focus away from digital assets.
  • He specifically highlighted the SpaceX IPO as a significant market event this week.
  • Currently, discussions in financial markets are largely centered around data centers, artificial intelligence, and space investments, he added.
  • While challenging to measure, these trends may be directly competing with crypto for investor funds.

What comes next: The future of crypto ETFs may lean towards actively managed portfolios instead of single-asset offerings.

  • Seyffart noted that many financial advisors are still unfamiliar with staking, token economics, and the intricacies of specific crypto assets.
  • He anticipates a growing interest in actively managed crypto ETF strategies that delegate asset selection to professional managers.
  • Traditional asset management firms and crypto-focused companies are already developing products that bundle multiple digital assets into one investment vehicle.
  • This method could facilitate advisors in obtaining crypto exposure without needing to become experts in every blockchain ecosystem.
AI Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.Related AssetsBitcoin$63,758.461.12%Latest Crypto News
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