Spot exchange traded funds tied to the two largest cryptocurrencies, Bitcoin and Ethereum, extended their negative streak, marking seven straight weeks of net outflows.
The latest trading week proved especially severe, with spot Bitcoin ETFs posting one of their worst weekly performances since launch.
Bitcoin ETFs See Heavy Selling Pressure
Recent weeks had shown slight improvement, offering some optimism despite continued outflows. During the two weeks before June 26, Bitcoin ETFs recorded smaller withdrawals of $316 million and $227 million, significantly lower than the $1.72 billion lost in the first week of June.
That relief was short lived.
Last week, investors pulled a total of $1.79 billion from spot Bitcoin ETFs, making it the second worst week for net outflows since the products launched. The only worse week came in late February 2025, when withdrawals reached $2.61 billion.
Total cumulative net inflows into Bitcoin ETFs have now fallen to $51.61 billion. For perspective, that figure stood above $59.3 billion in mid May, meaning nearly $8 billion has exited the funds in less than two months.
Breaking the week down by daily flows, Thursday saw the largest outflow with $696 million leaving the funds. Wednesday followed with $469 million in withdrawals, while Friday recorded $444.5 million. Monday and Tuesday were relatively lighter, with outflows of $90.66 million and $68 million respectively.
The sustained withdrawals from Bitcoin ETFs are widely seen as a major factor behind Bitcoin’s recent weakness. The continued selling pressure contributed to BTC falling to a multi year low of $58,000 earlier this week.
Market analysts believe ETF flows need to stabilize before Bitcoin can build momentum for a meaningful recovery.
Ethereum ETFs Also Extend Losing Streak
The situation surrounding spot Ethereum ETFs mirrors the trend seen in Bitcoin, though on a smaller scale.
Ethereum ETF products have also recorded seven consecutive weeks of net outflows. While withdrawals during the second and third weeks of June were relatively modest at $15 million and $10 million, the most recent week saw a sharp increase in selling pressure.
Investors withdrew $273.34 million from spot Ethereum ETFs during the latest trading week.
As a result, total net inflows into Ethereum ETFs have declined from $12.09 billion in mid May to below $11 billion by Friday’s close.
Tuesday and Thursday experienced the heaviest outflows, with investors pulling $82.35 million and $81.87 million from the funds on those days.
The continued outflows across both Bitcoin and Ethereum ETF markets highlight persistent caution among institutional investors as broader crypto market volatility remains elevated.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
