Bitcoin ETF Update: A Challenging Week Amid Limited Positives

crypthub

6 days ago

Bitcoin ETF Performance

The previous week saw continued selling pressure dominating the spot Bitcoin ETFs. Investors withdrew a significant total of $526.64 million across the four-day trading period. This substantial outflow continues the products' negative streak, marking the first time the ETFs have not reported a green week in nearly two months. The total cumulative flows for BTC ETFs declined from $59.34 billion down to $51.08 billion.

ETF Outflow Analysis

While the week was largely bearish, a positive note emerged on July 2. This day recorded a $221.72 million inflow, which was the highest single-day inflow since May 5. However, this brief positive moment did not mitigate the overall weekly losses. The pattern suggests strong persistent selling despite minor spikes in capital appreciation.

Ethereum ETF Trends

The Ethereum ETFs also faced a difficult week, concluding with total net outflows of $13.67 million. This continuation of red figures marks eight straight weeks of negative performance for the asset class. Although the outflows were less severe than the previous week's Bitcoin losses, the negative trend persisted. Cumulative ETH flows fell to $10.89 billion from earlier in May.