$1.2B Exits US Bitcoin ETFs Just as London Makes Crypto Comeback

Why It Matters

ETFs and burgeoning London crypto offerings.

Summary

U.S. investors pulled $1.2 billion from the 12 spot Bitcoin ETFs last week, marking the funds’ second-largest weekly outflow since their January 2024 launch and ending a two-week inflow streak that had added over $5 billion. The retreat comes as London shows signs of a crypto comeback, with renewed trading and product interest that could redirect flows and competitive attention to European markets. The shift underscores short-term volatility in investor appetite for spot crypto products and raises questions about cross-border capital rotation and market share between U.S. ETFs and burgeoning London crypto offerings.