American spot Bitcoin exchange-traded funds have established an unwanted milestone: eight consecutive weeks of net capital withdrawals, representing the longest sustained decline since these investment vehicles debuted. The products experienced approximately $527 million in redemptions during the four-session period concluding July 2, based on analysis from SoSoValue. Prior to this downturn initiating in mid-May, these financial instruments had never experienced more than five consecutive weeks of negative flows. June emerged as the most devastating month for these products following their regulatory approval. ... (full story)