Spot Bitcoin and Ether ETFs Witness Significant Outflows
US-based spot Bitcoin exchange-traded funds (ETFs) experienced more than $2 billion in investor outflows over the past week, representing their second-worst period of redemptions on record. The trend continued on Wednesday with another $137 million withdrawn, marking the sixth consecutive day of outflows according to Farside data.
Consistent Withdrawals Impact Market
The outflows began on October 29 and have removed a total of $2.04 billion from spot Bitcoin ETFs. The largest single-day redemption occurred on Tuesday, totaling $566 million. Previous sessions also showed high outflow figures, with $470 million, $488 million, and $191 million pulled earlier in the week.
This redemption streak is surpassed only by a previous record set in February, when funds saw over $3.2 billion withdrawn in a week, including single-day outflows of $1.97 billion and $757.8 million.
Ether ETFs See Similar Pressure
Spot Ether ETFs also encountered sell-offs, recording $118.5 million in net outflows on Wednesday. BlackRock�s ETHA led with $146.6 million in redemptions, while Bitwise�s ETHW and VanEck�s ETHV reported stable activity. Institutional investors have removed nearly $1.2 billion from Ether products during the latest streak, though cumulative inflows for Ether ETFs remain above $13.9 billion.
Solana ETFs Attract Inflows
In contrast to Bitcoin and Ether, spot Solana ETFs continued to gather investor interest. Wednesday saw $9.7 million in new inflows, marking a seventh straight day of net additions. Since their launch, Solana ETFs have attracted $294 million in net inflows.
Supreme Court Weighs US Tariff Authority
In related macroeconomic news, the US Supreme Court is hearing arguments concerning President Donald Trump�s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Several justices expressed skepticism about granting broad trade powers to the president. Bitunix analysts noted that even if certain tariffs are overturned, alternative measures could maintain trade barriers.
If existing tariffs are removed, the overall US tariff rate could drop to 6.5%, potentially easing impacts on gross domestic product but raising fiscal concerns. Bitunix added that judicial risk is influencing liquidity expectations. In recent days, the US dollar has shown strength as investors seek safe-haven assets, while Bitcoin remains volatile near the $100,000 level.
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