Bitcoin ETFs Shed $527M for the Week as Ether Funds Also Stay in the Red

U.S. spot Bitcoin ETFs closed out another losing week, shedding a combined $526.64 million over four trading days even as one standout session briefly lifted sentiment, according to data cited by CryptoPotato. The withdrawals mark the continuation of a negative streak that has now spanned nearly two months without a single positive week.

Bitcoin ETFs: Mostly Red, With One Bright Session

The bulk of the damage came early in the week. SoSoValue data shows $294.62 million exited the funds on July 1, the single largest daily withdrawal of the period, followed by $222.64 million on June 30 and $231.10 million on June 29.

That grim run was interrupted on July 2, when investors added $221.72 million back into the products — the strongest single-day inflow since May 5 and a notable break from the string of daily outflows that had preceded it. Friday, July 4, was a non-trading day due to the U.S. holiday, meaning the week effectively closed on that higher note despite the overall negative tally.

Even with that late rebound, the week’s net result kept dragging down the funds’ cumulative totals, which fell from $59.34 billion to $51.08 billion, according to the same SoSoValue figures reported by CryptoPotato.

Ethereum ETFs Show Improving Daily Trend, Still Net Negative

Spot Ethereum ETFs told a somewhat more encouraging daily story, even though the week as a whole also ended in the red. The funds saw $30.04 million in outflows on June 29 and $27.60 million on June 30, before momentum shifted.

Inflows of $14.89 million arrived on Wednesday, followed by $29.08 million on Thursday — the strongest daily haul in roughly a month, per SoSoValue data. Despite the turnaround, the week closed with net outflows of $13.67 million, extending the Ethereum ETFs’ losing streak to eight consecutive weeks.

Cumulative Ethereum ETF flows have declined from $12.09 billion in early May to $10.89 billion as of Thursday. Still, the total weekly loss was notably smaller than the $273.34 million pulled from the funds the prior business week, suggesting the pace of outflows may be easing.

What the Flows Suggest for Sentiment

The persistence of red weeks across both Bitcoin and Ethereum ETFs points to continued caution among institutional allocators, even as isolated daily inflows show that appetite has not disappeared entirely. The July 2 Bitcoin inflow and the improving daily ETH figures indicate pockets of renewed buying interest, but neither has yet been enough to flip the broader weekly trend positive.

Traders will be watching whether the softer pace of ETH outflows and the strong single-day Bitcoin inflow mark the start of a genuine reversal, or simply a pause within an extended period of net withdrawals from both products.

Read more: Bitcoin Steadies Near $62K, but CoinShares Says This Is Only Early-Stage Bottoming