Key Takeaways
- • U.S. spot Bitcoin ETFs drew about $301 million in net inflows last week, ending two straight weeks of redemptions that totaled roughly $908 million, according to Farside Investors.
- • Flows reversed within the week: funds took in $1.08 billion from Monday through Wednesday, then lost about $774 million on Thursday and Friday as Bitcoin fell back toward $80,000.
- • October remains net negative at roughly $314 million for U.S. spot Bitcoin ETFs.
- • DWF Labs research found net outflows in seven of eight Bitcoin drawdowns of 15% or more since January 2024, suggesting ETF holders tend to sell into declines.
- • U.S. spot Ether ETFs logged a fourth consecutive week of outflows, about $221 million.
Summary
U.S. spot Bitcoin ETFs recorded roughly $301 million in net inflows last week, halting two consecutive weeks of redemptions, according to data compiled by Farside Investors. The prior two weeks showed net outflows of about $680 million and $228 million, respectively. Despite the rebound, October-to-date net withdrawals from the funds total close to $314 million.
Flows moved closely with price action. Between Monday and Wednesday, the funds absorbed $1.08 billion as Bitcoin climbed to a weekly high of $84,777 on Wednesday, per CoinGecko data. On Thursday and Friday, investors withdrew about $774 million as the token slid back toward $80,000. Bitcoin last traded at $80,025, down roughly 3.3% over the seven-day period. The Crypto Fear & Greed Index moved to a Neutral reading of 50 from Greed at 59 a week earlier, indicating eased speculative appetite.
Research published by market maker DWF Labs found net outflows in seven of the eight Bitcoin drawdowns of 15% or more since the first U.S. spot Bitcoin ETFs launched in January 2024. DWF concluded that "ETF investors aren't the dip buyers people think they are." The findings matter for a market that has relied on fund inflows as a source of steady demand, since holders who treat rallies as exit points could leave price recoveries facing supply rather than support.
Ether products provided no offset. U.S. spot Ether ETFs posted a fourth straight week of net outflows totaling about $221 million, with little indication of a near-term change in sentiment, according to Farside Investors. Decrypt reported the same two-week losing streak snap alongside the late-week slide. The figures are approximate, and the durability of the week's Bitcoin ETF inflows remains uncertain given the late-week reversal.
Flows moved closely with price action. Between Monday and Wednesday, the funds absorbed $1.08 billion as Bitcoin climbed to a weekly high of $84,777 on Wednesday, per CoinGecko data. On Thursday and Friday, investors withdrew about $774 million as the token slid back toward $80,000. Bitcoin last traded at $80,025, down roughly 3.3% over the seven-day period. The Crypto Fear & Greed Index moved to a Neutral reading of 50 from Greed at 59 a week earlier, indicating eased speculative appetite.
Research published by market maker DWF Labs found net outflows in seven of the eight Bitcoin drawdowns of 15% or more since the first U.S. spot Bitcoin ETFs launched in January 2024. DWF concluded that "ETF investors aren't the dip buyers people think they are." The findings matter for a market that has relied on fund inflows as a source of steady demand, since holders who treat rallies as exit points could leave price recoveries facing supply rather than support.
Ether products provided no offset. U.S. spot Ether ETFs posted a fourth straight week of net outflows totaling about $221 million, with little indication of a near-term change in sentiment, according to Farside Investors. Decrypt reported the same two-week losing streak snap alongside the late-week slide. The figures are approximate, and the durability of the week's Bitcoin ETF inflows remains uncertain given the late-week reversal.
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