Spot Bitcoin ETFs See $1B Weekly Outflow, End 6-Week Streak
Spot Bitcoin ETFs had $1 billion in net outflows last week, snapping a six-week inflow streak and leaving total net assets at $104.29 billion.
Spot Bitcoin ETFs recorded $1 billion in net outflows last week, ending a six-week inflow run and leaving total net assets at $104.29 billion, according to data provider SoSoValue.
The week began with modest inflows of $27.29 million on Monday. Investors withdrew $233.25 million on Tuesday and $635.23 million on Wednesday. Thursday saw inflows of $131.31 million, while Friday experienced outflows of $290.42 million, producing a net weekly outflow of $1.00 billion.
The prior six weeks added about $3.4 billion to spot Bitcoin ETFs. The week of April 17 was the largest single-week inflow in that period, at roughly $996.38 million. Cumulative net inflows across all spot crypto products stand at $58.34 billion.
In a market note, Bitunix analysts wrote that capital rotated toward AI-focused stocks and the institutionalization of crypto. NVIDIA, Google and Apple reached fresh highs last week, and AI chipmaker Cerebras rose more than 70% on its IPO debut.
The CLARITY Act cleared the Senate Banking Committee last week. Coinbase shares increased following that development and Bitcoin traded back toward the $82,000 level.
Bitunix also pointed to market structure factors around current Bitcoin prices, noting heavy short liquidity clustered between $82,400 and $82,600 and identifying $80,000 as a key support level. Bitunix wrote, “Current price action suggests the market has clearly entered a high-leverage volatility structure, as capital waits for further direction from the three dominant macro themes: AI expansion, U.S.-China relations, and crypto regulation.”
Spot Ether ETFs recorded outflows on each trading day last week. Tuesday saw the largest withdrawal at $130.62 million, followed by $65.65 million on Friday, $36.30 million on Wednesday, $16.89 million on Monday and $5.65 million on Thursday. The five-day run removed $254.46 million from Ether products, leaving total net assets at $12.93 billion by week’s end.
Total net assets in spot Bitcoin ETFs remained above $100 billion at the end of the week.
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