Institutional investors pull billions from Bitcoin and Ether ETFs, while Solana funds extend their winning streak to a seventh straight day.
Bitcoin ETFs Face Heavy Withdrawals
U.S. spot Bitcoin exchange-traded funds (ETFs) have seen over $2 billion in outflows over the past week, marking their second-largest withdrawal streak on record, according to Farside data.
On Wednesday, Bitcoin ETFs logged $137 million in redemptions, extending a six-day run of net outflows that began on October 29. The heaviest day came on Tuesday, when investors pulled $566 million, following consecutive sessions of $470 million, $488 million, and $191 million in withdrawals.
The current outflow streak is second only to the late-February 2025 sell-off, when spot Bitcoin funds witnessed $3.2 billion in redemptions within a single week, including a record $1.11 billion in a single day on February 25.
Bitcoin’s price hovered around $103,235 at the time, struggling to recover amid institutional profit-taking and macroeconomic uncertainty.
Ethereum ETFs See Continued Selling Pressure
Spot Ether ETFs also faced another round of selling, recording $118.5 million in outflows on Wednesday. BlackRock’s ETHA led with $146.6 million in redemptions, while Bitwise’s ETHW and VanEck’s ETHV remained largely stable.
Institutional investors have now withdrawn nearly $1.2 billion from Ether products over the past six sessions. Despite the drawdown, cumulative inflows into Ether ETFs still stand above $13.9 billion, underscoring continued long-term interest in Ethereum exposure.
Solana ETFs Defy Market Trend
In contrast to Bitcoin and Ether, Solana (SOL) ETFs continued to attract new capital. The funds recorded $9.7 million in fresh inflows on Wednesday — their seventh consecutive day of gains — bringing total net additions since launch to $294 million.
This consistent performance highlights growing institutional demand for Solana, particularly amid the network’s expanding DeFi and NFT ecosystem.
Macro Factors Add Uncertainty
Adding to the market tension, the U.S. Supreme Court this week began hearings on former President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Analysts noted that the case could reshape U.S. trade and liquidity expectations.
“Judicial risk is beginning to seep into macro liquidity expectations,” said a note from Bitunix, adding that the U.S. dollar strengthened on safe-haven demand, while Bitcoin trades near $100,000 amid volatility.
Despite the outflows, analysts suggest that Bitcoin’s long-term trajectory remains bullish, with market participants viewing this as a temporary correction in an otherwise maturing institutional cycle.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.