Add as a preferred source on GoogleBitcoin ETF Outflows Reach Three-Month High as Ether Funds Extend Losses
U.S. spot Bitcoin ETFs recorded $681.10 million in weekly net outflows, while Ether funds posted five straight days of withdrawals.
Spot Bitcoin ETFs posted $681.10 million in net weekly outflows, marking their heaviest withdrawal period in roughly three months as Ether funds extended a nine-day losing streak.
Bitcoin (BTC) funds opened the week with nearly $90 million in outflows before attracting $118.86 million the next day. Withdrawals then accelerated to $487.07 million and $244.13 million on consecutive days. A final $21.13 million inflow was not enough to reverse the weekly loss.
The weekly outflow total was the largest since the final full week of June, when Bitcoin ETFs lost $1.79 billion. Cumulative net inflows fell from $57.79 billion to $57.11 billion.
Spot Ether (ETH) ETFs recorded withdrawals on each of the five trading days, including $50.76 million at the start of the week, $201.89 million the next day and $160.77 million the day after. The funds have not recorded a net inflow day since Sept. 28, extending the run to nine trading sessions.
Bitcoin dropped to $80,400 during the week, while Ether fell below $2,400 before recovering above $2,500.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.