US-listed spot Bitcoin exchange-traded funds brought in about $301 million in net inflows last week, ending a two-week stretch of withdrawals even as selling picked up late in the week. Data cited from Farside Investors showed the products had lost roughly $228 million the week before and $680 million in the prior week, while October net flows remained negative at about $314 million.
Most of last week’s gains came early. Spot Bitcoin ETFs pulled in $1.08 billion from Monday through Wednesday as Bitcoin climbed to a weekly high of $84,777 on Wednesday, according to CoinGecko. That momentum reversed on Thursday and Friday, when investors withdrew about $774 million as BTC fell back toward $80,000.
Research published Thursday by market maker DWF Labs said ETF investors have generally sold during Bitcoin drawdowns. Since US spot Bitcoin ETFs launched in January 2024, the firm found net outflows in seven of eight Bitcoin sell-offs of at least 15%. At publication, Bitcoin traded at $80,025, down about 3.3% over seven days, while the Crypto Fear & Greed Index slipped to 50 from 59 a week earlier. US spot Ether ETFs also logged a fourth straight week of net outflows, losing about $221 million.
US-listed spot Bitcoin exchange-traded funds recorded about $301 million in net inflows last week, ending a two-week outflow streak despite heavy withdrawals at the end of the week.
According to data from Farside Investors, the funds lost about $228 million in the previous week and about $680 million in the week before that. October net outflows stood at roughly $314 million.
$1.08 billion came in over three days before $774 million left
Spot Bitcoin ETFs attracted $1.08 billion between Monday and Wednesday last week. Over the same stretch, Bitcoin rose to a weekly high of $84,777 on Wednesday, according to CoinGecko.
The move reversed later in the week. Investors withdrew about $774 million on Thursday and Friday as BTC pulled back toward $80,000.
DWF Labs says ETF holders have tended to sell during declines
Research published Thursday by market maker DWF Labs said ETF investors have tended to sell into Bitcoin weakness. Since US spot Bitcoin ETFs launched in January 2024, the firm found net outflows during seven of eight Bitcoin sell-offs of at least 15%.
"ETF investors aren’t the dip buyers people think they are," DWF said.
Bitcoin down 3.3% over seven days, sentiment gauge falls to neutral
At the time of publication, Bitcoin traded at $80,025, down around 3.3% over the past seven days. The Crypto Fear & Greed Index fell to a neutral reading of 50 from 59, which had marked greed, a week earlier.
Spot Ether ETFs see a fourth straight week of outflows
Farside Investors data also showed that US spot Ether ETFs posted a fourth consecutive week of net outflows, shedding about $221 million last week.
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