Spot bitcoin ETFs post worst week since February 2025 with $1.33 billion in outflows
Summary
U.S. spot bitcoin exchange-traded funds (ETFs) recorded $1.33 billion in net outflows during a shortened four-day trading week, marking their worst performance since February 2025. Wednesday saw the largest single-day exit at $709 million. This outflow contrasts sharply with the previous week's $1.42 billion in inflows. BlackRock's IBIT contributed to the decline by recording outflows every day. Despite this, cumulative net inflows since their January 2024 launch remain at $56.5 billion.
Spot Ethereum ETFs mirrored this trend, seeing $611 million in net outflows for the week, with Wednesday being the worst session. Conversely, spot Solana ETFs continued their positive streak, attracting $9.6 million in inflows, while XRP ETFs posted a net outflow of $40.6 million.
These ETF outflows coincide with broader market signals, as on-chain data suggests Bitcoin holders have entered a net loss realization phase for the first time since October 2023, resembling patterns seen during the 2021-2022 bear transition.
(Source:The Block)