Average IBIT investor now down about 40% as spot bitcoin ETFs cap second-worst week on record
The Block·
60-second summary
Investors in spot bitcoin exchange-traded funds (ETFs) are experiencing significant losses, with the average investor down approximately 40% as of now. This decline is exacerbated by a record-breaking seventh consecutive negative week, which saw a net outflow of $444.51 million on Friday, marking the second-worst week on record for this category, indicating a concerning trend in the market.
Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.