US spot Bitcoin ETFs Record $95m in net outflows
Funds saw withdrawals for the fourth straight day, while Ethereum ETFs also lost $1.3m, extending their own four-session losing streak to a new low in recent history for both products.</standfirst>
Key takeaways
- 1US bitcoin ETFs logged $95.0m in net outflows on 10 Eastern Time, their fourth straight day of withdrawals.
- 2US Ethereum ETFs lost $1.3m, extending their own four-session net-outflow streak.
US-registrant bitcoin and Ethereum ETFs reported net outflows of $95.0m and $1.3m respectively on 10 Eastern Time, marking the first time both major crypto ETF products have simultaneously logged four consecutive days of net redemption in their recent operational history, according to data from SoSoValue.</p>
The $95.0m withdrawal from bitcoin ETFs extends a four-session losing streak that has seen institutional and high-net-worth investors net-sell the products, while the $1.3m Ethereum ETF outflow is the smallest of the current four-session drawdown but still confirms a persistent, if modest, net-redemption environment across both flagship crypto ETF products.</p>
US-registrant bitcoin and Ethereum ETFs are the first regulated, on-chain custodial crypto products available to American institutional and high-net-worth investors; their four consecutive days of simultaneous net outflows is a first for both products and signals a broad risk-off rotation away from crypto ETFs rather than a single-product issue.</p>
Four consecutive days of simultaneous net outflows across both flagship US crypto ETF products suggests a broad, rather than a single-product, risk-off rotation; the next session's data will show whether the streak extends to five days or reverses, which is the metric institutional desks are watching to gauge whether the recent outflow run is a short-term pause or a longer-term shift.
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