U.S. Bitcoin spot exchange-traded funds (ETFs) experienced a net outflow of $312 million on August 20, 2025, signaling declining institutional interest in the asset class. This follows four consecutive days of withdrawals, with BlackRock leading the way at $220 million. Although minimal immediate on-chain liquidation effects were observed, this trend indicates a shift in investor sentiment and market volatility. The outflows impacted Bitcoin prices, with both Bitcoin and Ethereum experiencing a decline of approximately 1.5%. This sensitivity to institutional withdrawals highlights the current reliance of markets on sustained capital flows to prevent further declines. No statements from regulatory bodies like the SEC were issued following the outflows, but observers are speculating about potential future impacts on Bitcoin ETF policies as the trend continues.