Spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have continued their extremely negative streak, now making it seven straight weeks in the red.
The last five trading days have been particularly painful as BTC ETFs posted their second-worst performance in terms of net flows since their inception two and a half years ago.
BTC ETFs are bleeding badly
CryptoPotato I have repeatedly I mentioned On the team’s poor performance Spot Bitcoin ETFsBut the two weeks leading up to the week ending June 26 brought some glimmers of hope. Although both were still in the red, actual withdrawals were more modest, at $316 million and $227 million, respectively, down from $1.72 billion during the first week of June.
However, investors hit the withdrawal button hard again, withdrawing a total of $1.79 billion in funds. This makes it the worst week in terms of net flows since late February 2025, when the number reached $2.61 billion.
Total cumulative net flows decreased to $51.61 billion. Recall that the number reached more than $59.30 billion by mid-May. This means that ETFs lost nearly $8 billion in less than two months.
If we break down the data into daily net outflows, Thursday stands out as the most painful day with $696 million leaving the money, followed by $469 million on Wednesday, $444.5 million on Friday, a more modest $90.66 million on Monday and $68 million on Tuesday.
Continued outflows from ETFs are among the most obvious reasons why the price of the underlying asset continues to suffer as it fell to a new multi-year low of $58,000 a few days ago. Analysts are convinced That flows must stabilize before BTC has a chance to make a deeper recovery.
ETH ETFs are also in red
The landscape surrounding Ethereum ETFs is not much different, just the size is smaller. Funds have remained in the red for seven straight weeks as well, and net outflows from last week were much higher than the previous two weeks. More specifically, ETFs bled $15 million during the second week of June and $10 million during the third week. But during the recent period, investors received $273.34 million.
Total net flows fell from $12.09 billion in mid-May to well below $11 billion as of Friday’s close. Tuesday and Thursday saw the largest number of net withdrawals, at $82.35 million and $81.87 million, respectively.
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