Investors Pull $1.26B From Spot Bitcoin ETFs

Investors withdrew $1.26 billion from U.S.-listed spot Bitcoin exchange-traded funds over the past week, the largest weekly outflow since late January. At the same time, funds tied to ether recorded net redemptions for 10 consecutive trading days.

The withdrawals occurred during a single reporting week and marked a reversal from earlier inflows following the launch of spot crypto ETFs earlier this year. The ten-day streak for ether funds reflected sustained net selling across multiple sessions rather than a single-day spike.

The affected products are ETFs that hold physical cryptocurrency on behalf of investors to track the tokens’ prices. When investors redeem shares, fund managers must sell underlying tokens or reduce holdings to meet redemptions, which can affect trading volumes in spot markets for those tokens.

Fund-level details about which products saw the largest redemptions and the precise composition of the withdrawals were not disclosed in the reporting. The latest outflows erased some of the inflows recorded after the funds’ initial introduction.

Spot Bitcoin and ether ETFs were introduced earlier this year to let investors buy regulated shares that represent the underlying tokens instead of holding the assets directly. Since their launch, asset flows into and out of these products have been tracked closely by market participants.

Subsequent daily and weekly flow reports will show whether the recent withdrawals persist or reverse in coming sessions.