Whiplash for Bitcoin ETFs: $389M Outflows Follow $854M Inflows

Bitcoin ETFs saw significant outflows last week, shedding $389.71 million in net value. This marks the largest weekly net outflow in six weeks and puts an abrupt end to a run of healthy inflows.

The previous week had seen $853.54 million pour into Bitcoin ETFs, but this latest swing has traders wondering if this is a tactical repositioning or a fundamental change in thesis.

Despite the large outflow, Bitcoin's price remained relatively flat at around $63,000 during the reporting period.

Ethereum ETFs, on the other hand, recorded a net outflow of just $2.26 million, snapping a five-week streak of continuous inflows into ETH-linked products.