Bitcoin (BTC) news today: ETFs bleed $3.8 billion in historic five-week outflow streak
Investors just pulled nearly $3.8 billion from U.S.-listed spot bitcoin BTC$65,796.20 exchange-traded funds over five straight weeks, the longest outflow streak since February 2025. Last week alone saw $316 million vanish, according to SoSoValue.Leading the outflows trend is BlackRock's IBIT. The fund has lost $2.13 billion over five straight weeks of outflows. This shows institutions are still steering clear of the leading cryptocurrency, extending the aversion that kicked in after the early October crash, which exposed its vulnerability to shenanigans on offshore exchanges such as Binance. While the latest outflows trend matches the one from February last year in length, it's not as bad, with just $3.8 billion yanked versus $5 billion back then. That prior streak paved the way for a market swoon over the following weeks, with bitcoin falling as low as $75,000 in early April. Right now, bitcoin is already trading well below that level, changing hands just under $65,000 as of writing. Analysts have attributed the ongoing risk aversion to lingering U.S.-Iran tensions, President Donald Trump's fresh global tariff announcement, and technical price-chart factors."More For YouAI bot's tipping blunder hands $450,000 memecoin pile to X sad story posterAI trading bot "Lobstar Wilde" accidentally sent a large coin stash to an X user in need of 4 SOL for medical treatment.What to know: An OpenAI engineer’s AI trading bot on X accidentally tipped a user roughly $450,000 worth of Lobstar memecoins instead of 4 solana (SOL).The recipient sold the coin stash, pocketing $40,000 in profit, according to SolScan data.The mishap has fueled both a 32 percent jump in Lobstar’s price and speculation on X that the episode was a staged publicity stunt to boost the token’s profile.
