Bitcoin ETFs Bleed Nearly $400 Million as Ethereum Funds Break Streak

The Bitcoin ETFs experienced a reversal of fortunes last week, shedding nearly $390 million in value. This follows their best week since April, which saw over $850 million flowing into the funds.

Monday was particularly painful for investors, with a net outflow of $144.67 million. The remaining days also showed significant withdrawals: Wednesday ($61.16 million), Thursday ($131.13 million), and Friday ($57.63 million).

The only positive day was Tuesday, but the $4.89 million inflow was insufficient to offset the losses.

BlackRock's IBIT remains the largest Bitcoin ETF, with net assets of nearly $47 billion, followed by Fidelity's FBTC ($10.70 billion) and Grayscale's GBTC ($8.26 billion).