Bitcoin ETFs Reversal Wipes Out $463M as Ether Funds Gain $197M

U.S. spot Bitcoin ETFs saw a sharp reversal last week, experiencing $462.7 million in net outflows after three consecutive weeks of inflows.

The funds lost $166.8 million on the first two trading days of the holiday-shortened week and then accelerated to their largest single-day withdrawal since July on Thursday with $282.7 million in net outflows.

Friday saw some relief, but the funds still recorded another $13.2 million in outflows, extending the outflow streak to four consecutive sessions.

The 21Shares Bitcoin ETF led the pack with a weekly withdrawal of $234.2 million, followed by Grayscale's Bitcoin Trust ETF at $129.1 million and BlackRock's iShares Bitcoin Trust ETF at $52.5 million in outflows.