U.S. spot Bitcoin and Ether ETFs together recorded net outflows of $549 million last week, Cointelegraph reported, citing SoSoValue data. Bitcoin ETFs saw net outflows of about $229 million, marking a second consecutive week of outflows; Ether ETFs saw net outflows of $320 million, bleeding for a third consecutive week. The scale of outflows narrowed noticeably from $1.22 billion the previous week.
Ether ETFs have accumulated net outflows of about $955 million since the start of October, already exceeding the full-month level of any month this year. Other crypto ETFs also recorded redemptions: about $26 million for Solana, about $19 million for Zcash, and about $18 million for Hyperliquid, while XRP and BNB saw smaller outflows.
On a year-to-date basis, however, flows remain positive: Bitcoin ETFs have seen net inflows of about $259 million so far this year, and Ether ETFs about $610 million. As of the time of reporting, Bitcoin was at $82,783, down 1.3% over the past 7 days; Ether was at $2,433, down 5% over the past 7 days, with price data from CoinGecko.