Bitcoin ETFs bleed $1.47B in a week as rate-cut hopes…

Crypto exchange-traded products recorded $1.47 billion in outflows last week — the second consecutive week of redemptions and the third-largest weekly outflow of 2026, according to CoinShares. Cumulative two-week outflows now stand at $2.54 billion, with CoinShares head of research James Butterfill attributing the deepening selloff to Iran-related risk-off sentiment that has broadened despite continued CLARITY Act progress.

The macro backdrop is doing the damage. Bond-market traders have ramped up bets that the Federal Reserve will hold rates higher for longer under new Chairman Kevin Warsh. The two- to 10-year Treasury yield spread widened by over 12 basis points last week, driven by a faster rise in the two-year yield — a clear signal that near-term borrowing cost expectations are moving up, not down. The five- to 30-year spread flashed the same message.