Bitcoin ETFs See $2 Billion in Outflows as Market Redemptions Deepen

U.S. spot Bitcoin ETFs have seen more than $2 billion withdrawn over the past week, marking their second-worst outflow streak on record. According to data from SoSoValue, the sell-off began on October 29 and has now extended for six consecutive days

This suggests investor caution amid broader market uncertainty. 

Bitcoin ETFs Face Heavy Withdrawals

On Wednesday alone, spot Bitcoin ETFs recorded $137 million in outflows, continuing the downward trend that has wiped out billions in institutional investments. The heaviest day of withdrawals came on Tuesday, when investors pulled $566 million, following sizable redemptions of $470 million, $488 million, and $191 million earlier in the week.

The current streak trails only behind the late-February sell-off, when spot Bitcoin ETFs faced $3.2 billion in redemptions within a single week. That period saw record-breaking single-day outflows of $1.11 billion on February 25 and $757.8 million on February 26.

Analysts suggest the recent withdrawals may be linked to renewed macroeconomic concerns, including ongoing U.S.-China trade tensions, regulatory uncertainties, and profit-taking after Bitcoin’s price hovered near the $100,000 mark earlier in the month.

Ether and Solana Funds Show Diverging Trends

While Bitcoin products have struggled, spot Ether ETFs have also faced sustained selling pressure. On Wednesday, Ether ETFs recorded $118.5 million in net outflows, marking their sixth straight day of redemptions. BlackRock’s ETHA led the day’s losses with $146.6 million withdrawn, though Bitwise’s ETHW and VanEck’s ETHV remained stable.

Over the past week, institutional investors have pulled nearly $1.2 billion from Ether funds, though total cumulative inflows for the category still stand at $13.9 billion, reflecting long-term investor confidence despite the recent downturn.

In contrast, Solana ETFs have continued to attract steady inflows. The asset class gained another $9.7 million on Wednesday, marking seven consecutive days of positive flows and bringing total net additions since launch to $294 million.

Meanwhile, outside the crypto markets, the U.S. Supreme Court began hearings this week on President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. 

Early indications suggest skepticism among justices toward broad presidential trade powers. This is a development that could influence future market sentiment.