Spot exchange traded funds linked to Bitcoin ended another week in negative territory, extending a prolonged period of investor withdrawals.
Although outflows have slowed in recent weeks, Bitcoin ETFs have now recorded six straight weeks of net losses. A similar pattern is playing out in funds tied to Ethereum, which have also failed to post a positive week over the same period.
Bitcoin ETFs Remain Under Pressure
The week began with heavy outflows, as Bitcoin ETFs saw $64.09 million withdrawn on Monday.
This came despite Bitcoin rising above $67,000 that day, fueled by optimism surrounding a proposed agreement between the United States and Iran announced by Donald Trump.
Tuesday was the only positive trading day for Bitcoin ETFs, with net inflows of $10.06 million.
However, the brief recovery did not last. Outflows resumed on Wednesday and Thursday, with investors pulling $82.16 million and $90.66 million respectively.
With Friday being a market holiday, the week closed with total net outflows of $226.84 million.
This marked the sixth consecutive week of losses for Bitcoin ETFs, continuing a streak that began after the week ending May 15.
Over this six week stretch, cumulative net inflows across Bitcoin ETFs have fallen by approximately $5 billion.
One encouraging sign is that the pace of outflows appears to be easing. Weekly withdrawals have declined significantly from $1.72 billion during the first week of June to $316 million in the following week and now $226.84 million.
Franklin Templeton Introduces New Bitcoin ETF Strategy
A notable development in the ETF market came from Franklin Templeton.
The financial firm filed for two new ETF products designed to invest in U.S. stocks and use dividend income from those holdings to purchase Bitcoin.
This approach introduces an alternative structure that indirectly increases Bitcoin exposure through equity based investment products.
Ethereum ETFs Also Extend Negative Trend
Spot Ethereum ETFs also finished the week in negative territory, marking their own six week streak of outflows.
Unlike Bitcoin ETFs, Ethereum funds managed two positive trading sessions during the week.
Monday saw $22.50 million in net inflows, supported by improving market sentiment tied to hopes of geopolitical stability.
Tuesday followed with an additional $9.59 million in inflows.
However, the trend reversed again in the second half of the week.
Ethereum ETFs recorded net outflows of $29.37 million on Wednesday and $12.77 million on Thursday.
That left the weekly total at a net loss of $10.05 million.
Cumulative net inflows for Ethereum ETFs have also declined noticeably, dropping from $12.09 billion on May 8 to $11.18 billion by June 18.
Overall, both Bitcoin and Ethereum ETFs remain under pressure as investors continue reducing exposure to the two largest cryptocurrencies. While outflows appear to be slowing, the market is still waiting for stronger signs of renewed institutional demand.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
