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Spot Bitcoin ETFs just had one of their worst weeks ever. Investors pulled $1.79 billion out last week — the second-worst net flow performance since these funds launched a little over two years ago. And it’s not a one-off. It’s now seven straight weeks of losses.
Thursday was the ugliest single day, with $696 million walking out the door. Wednesday wasn’t much better at $469 million. Friday added another $444.5 million on top of that. Put those three days together and you’ve basically got the whole story. The weeks before had actually looked a bit calmer — outflows of $316 million and $227 million felt almost mild by comparison. But last week erased any hope that things were settling down.
The cumulative net inflows for spot Bitcoin ETFs now sit at $51.61 billion. That sounds big, but it’s a pretty brutal drop from the $59.30 billion recorded in mid-May. In under two months, these funds shed nearly $8 billion in net inflows. That’s fast. That’s the kind of move that gets people nervous.
Seven Consecutive Weeks of Outflows
Seven weeks in a row. That’s the streak Bitcoin ETFs are on, and it’s starting to look less like a temporary pullback and more like a structural problem with investor confidence right now. The closest comparison is the late February 2025 stretch, when outflows hit $2.61 billion — still worse than last week, but not by a margin that should comfort anyone holding these products.
Bitcoin’s price hasn’t helped. The coin recently dropped to $58,000, a multi-year low. That kind of price action feeds the outflow cycle — prices fall, investors get scared, they pull money, prices fall more. Analysts think a real stabilization in ETF flows probably needs to happen before Bitcoin can stage any kind of meaningful recovery. Whether that stabilization comes soon is unclear.
It’s worth stepping back for a second. Spot Bitcoin ETFs were a massive deal when they launched. Billions poured in during the early months, and the products were seen as a bridge between traditional finance and crypto. That bridge is still standing, but traffic is moving the wrong way right now. Eight billion dollars in two months is a lot of traffic moving the wrong way.
Ethereum ETFs Hit the Same Wall
Ethereum ETFs didn’t escape any of this. Same story, different numbers. Seven consecutive weeks of net outflows there too, which is kind of remarkable given how different the two assets are in terms of use case and investor base.
Last week, Ethereum ETFs lost $273.34 million. That sounds smaller than Bitcoin’s $1.79 billion, and it is — but context matters. The two prior weeks saw outflows of just $15 million and $10 million. So last week’s number wasn’t just bad, it was a sharp acceleration. Something shifted.
Tuesday and Thursday were the worst days for Ethereum ETFs, with $82.35 million and $81.87 million pulled respectively. Why those specific days? Unclear. Maybe investors were reacting to broader market signals, maybe it’s just how redemptions clustered. The exact triggers didn’t surface publicly.
Total net flows for Ethereum ETFs have now dropped below $11 billion. Back in mid-May, that figure was $12.09 billion. So in a few weeks, Ethereum ETFs lost more than a billion dollars in cumulative net flows. Not catastrophic on its own, but combined with the Bitcoin numbers, the picture is pretty grim.
What the Numbers Actually Mean
Both products are facing the same basic problem: investors are retreating. The reasons probably overlap — Bitcoin at $58,000 doesn’t inspire confidence, macro uncertainty is still real, and seven weeks of outflows tends to become a self-reinforcing story. Once the narrative is “money is leaving crypto ETFs,” more money tends to leave.
The $696 million single-day outflow on Thursday stands out. Days like that don’t happen by accident. Something spooked investors hard enough to trigger that kind of coordinated selling. Source didn’t specify what the catalyst was, and analysts haven’t publicly pinned it to a single event.
For context, spot Bitcoin ETFs have now been live for over two years. The early months were genuinely historic — inflows came fast, institutions got involved, and the products seemed to validate crypto as a legitimate asset class. That validation isn’t gone, but it’s under serious pressure when cumulative inflows drop $8 billion in under two months.
Ethereum ETFs are newer and smaller, but the pattern is the same. Steady decline, weekly outflows, total net flows shrinking. And the $273.34 million single-week figure is probably the number to watch going forward — if next week is worse, the seven-week streak becomes even harder to spin as temporary.
No comments from fund issuers or major stakeholders appeared in available reporting. The numbers are doing the talking, and right now they’re saying investors aren’t convinced the bottom is in at $58,000.
Frequently Asked Questions
How much did Bitcoin ETFs lose in net flows last week?
Spot Bitcoin ETFs saw $1.79 billion in net outflows last week, making it the second-worst weekly performance since the funds launched over two years ago.
How far have cumulative Bitcoin ETF inflows fallen?
Cumulative net inflows dropped from over $59.30 billion in mid-May to $51.61 billion, a decline of nearly $8 billion in under two months.
What happened to Ethereum ETFs during the same period?
Ethereum ETFs recorded $273.34 million in outflows last week, their seventh consecutive week of net losses, pushing total net flows below $11 billion from $12.09 billion in mid-May.
