US-listed spot Bitcoin ETFs attracted about $301 million in net inflows last week, ending a two-week outflow streak even as investors withdrew heavily late in the week.
The funds had lost about $228 million the previous week and $680 million the week before, according to Farside Investors. October net outflows stood at about $314 million.
Midweek inflows give way to withdrawals
Bitcoin ETFs drew $1.08 billion between Monday and Wednesday as Bitcoin climbed to a weekly high of $84,777 on Wednesday, according to CoinGecko. Investors then withdrew about $774 million on Thursday and Friday as Bitcoin retreated toward $80,000.
Research published Thursday by market maker DWF Labs found that ETF investors have tended to sell into Bitcoin declines. The firm found net outflows during seven of eight Bitcoin sell-offs of at least 15% since US spot Bitcoin ETFs launched in January 2024.
“ETF investors aren’t the dip buyers people think they are,” DWF said.
At the time of publication, Bitcoin traded at $80,025, down around 3.3% over the past seven days. The Crypto Fear & Greed Index fell to a “Neutral” reading of 50, down from “Greed” at 59 a week earlier.
Ether ETFs extend outflows
US spot Ether ETFs recorded a fourth consecutive week of net outflows, shedding about $221 million last week, according to Farside Investors.
