Bitcoin ETFs Suffer Largest Weekly Withdrawal Since July Amidst Sharpest Reversal

The US spot Bitcoin exchange-traded funds (ETFs) saw a significant reversal last week, posting net outflows of $462.7 million after three consecutive weeks of inflows.

This marked the largest weekly withdrawal since July, with Thursday's outflow being the most significant at $282.7 million.

The selling pressure continued on Friday, adding to the negative streak, but still kept spot Bitcoin ETFs in positive flow territory for September with about $307.3 million in net inflows through Friday.

In contrast, Ether ETFs experienced a surge in interest, recording nearly $197 million in net inflows over the same period.