Bitcoin Institutional Demand Hits Record Low as ETFs, Treasuries, Miners Turn Negative

Institutional demand for Bitcoin (BTC) has fallen to a record low, with combined buying across spot ETFs, corporate treasuries and miners turning more negative than at any point since 2020. According to BeInCrypto, Capriole Investments data shared by analyst Charles Edwards shows its Net Institutional Buying metric dropped to -464%, while Glassnode data shows US spot Bitcoin ETF holdings fell from about $160 billion in autumn 2025 to around $75 billion by June 2026, with 13 straight days of net outflows shedding about $4.3 billion. CryptoQuant data shows newer whale wallets realized roughly $2.5 billion in losses as BTC slid toward $61,000; BTC traded near $61,005 at publication, down about 2.7% on the day, with market cap near $1.22 trillion.