Bitcoin Spot ETFs Experience $921 Million in Outflows Over Last Week

US Bitcoin Spot ETFs reported over $900 million in net outflows, marking the fifth week of redemptions. This trend reflects weak market confidence among institutional investors.

Bitcoin Institutional Investors Withdraw For The Fifth Straight Week

  • Bitcoin ETFs previously attracted over $5 billion this year.
  • Last week saw $921.4 million in net outflows, totaling $5.4 billion over five weeks.
  • BlackRock’s IBIT had the largest withdrawals at $338.1 million.
  • Fidelity’s FBTC followed with $307.4 million in redemptions.
  • Other ETFs like Ark’s ARKB and Grayscale’s GBTC experienced moderate outflows between $33 million and $81 million.
  • Grayscale’s BTC recorded positive inflows of $5.5 million.
  • Bitcoin price declined by 11.95% in the last month, reaching $77,000.
  • Total net assets for Bitcoin Spot ETFs decreased by 21.70% to $89.89 billion.

Ethereum ETFs Lose $190 Million In Withdrawals

  • Ethereum Spot ETFs faced net outflows of $189.9 million last week, totaling $645.08 million over three weeks.
  • BlackRock’s ETHA led withdrawals at $63.3 million.
  • Cumulative inflows into Ethereum ETFs are valued at $2.52 billion, with net assets at $6.72 billion (2.90% of ETH market cap).
  • Ethereum trades at $1,924, up 0.73% in 24 hours; Bitcoin is priced at $84,009 with little daily price change.