Bitcoin ETFs break 2-week outflow streak with $301M comeback US spot Bitcoin ETFs finished the week with $301 million in net inflows after a strong three-day start gave way to heavy withdrawals.
US-listed spot Bitcoin exchange-traded funds (ETFs) attracted around $301 million in net inflows last week, snapping a two-week outflow streak despite heavy withdrawals late in the week
The funds lost about $228 million the previous week and $680 million the week before. October’s net outflows stood at about $314 million, according to Farside Investors data. Bitcoin ETFs drew $1.08 billion between Monday and Wednesday as Bitcoin (BTC) climbed to a weekly high of $84,777 on Wednesday, according to CoinGecko.
Investors then withdrew about $774 million on Thursday and Friday as BTC retreated toward $80,000. ETF investors have tended to sell into Bitcoin declines, according to research published Thursday by market maker DWF Labs. The company found net outflows during seven of eight Bitcoin sell-offs of at least 15% since US spot Bitcoin ETFs launched in January 2024. “ETF investors aren’t the dip buyers people think they are,” DWF said.