U.S. spot bitcoin ETFs extend redemption streak as weekly outflows top $1 billion again
Selling pressure across U.S. crypto exchange-traded funds persists as investor withdrawals deepen for a second straight week. The 12 U.S. spot bitcoin funds record $1.07 billion in net outflows over the latest week, while Avalanche products are the only category tracked by SoSoValue to post an inflow.
Highlights
- U.S. spot bitcoin ETFs report $1.07 billion in net outflows last week, marking the second consecutive week with more than $1 billion in redemptions.
- Total outflows from U.S. spot bitcoin ETFs reach $2.35 billion over the past two weeks, the largest two-week withdrawal since $3.14 billion in early June.
- Spot ether ETFs lose $398.9 million last week, dropping net assets 15.5% to $10.85 billion, their lowest since August 18.
Weekly fund withdrawals deepen across crypto ETFs
As reported by The Block, U.S. spot bitcoin ETFs post $1.07 billion in net outflows last week, marking a second consecutive week with more than $1 billion in redemptions. The 12 funds now lose $1.91 billion over seven straight trading days, their longest outflow run since a 10-day streak in late June.Daily withdrawals from the bitcoin products reach $201.1 million on Monday, $95 million on Tuesday, $299.9 million on Wednesday, $284 million on Thursday and $185.5 million on Friday. Combined with the prior week's $1.28 billion in outflows, the category sheds $2.35 billion over two weeks, the largest two-week withdrawal total since the period ending June 5, when losses reached $3.14 billion.
Across the broader market, U.S. spot crypto ETFs lose about $1.55 billion combined. Of the 15 categories tracked by SoSoValue, Avalanche funds' $227,000 is the only weekly net inflow, while spot ether ETFs lose $398.9 million and extend their negative streak to seven consecutive weeks.
Market caution weighs on crypto fund assets
Spot ether ETFs' latest weekly outflow leaves the category one week short of its record negative streak. Net assets for those funds fall 15.5% over the week to $10.85 billion, their lowest level since Aug. 18.Solana and Hyperliquid funds also extend their weekly outflow streaks to six, their longest since launch. The pattern points to a cautious investor stance toward digital asset products as Bitcoin and Ethereum prices remain volatile and broader economic factors, including Federal Reserve policy expectations, continue to shape risk appetite.
As noted in our earlier article, U.S. inflation concerns fueled a risk-off mood that pressured Bitcoin and spurred ETF outflows.
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