Bitcoin, Ethereum ETF Outflows Surge as Rally Attempts Fade
Bitcoin's repeated attempts to break higher stalled around $82,000 over the past week, a move that coincided with a sharp reversal in U.S. spot ETF flows. Spot Ethereum ETFs also came under sustained pressure, extending a full week of daily outflows.
Spot Bitcoin ETFs swung from strength to heavy selling. In the prior week ending May 6, the products drew more than $620 million in net inflows, extending a six-week run of net buying. That streak ended over the last five trading days, when investors pulled a combined $1 billion, according to SoSoValue. Cumulative net inflows fell to $58.34 billion from $59.34 billion.
The biggest hit came on May 13, with net outflows of $635 bilion. May 15 recorded $290 million in net outflows, while May 12 saw $233 million. The remaining two sessions posted net inflows of $28.3 million on Monday and $131.31 million on Thursday. It marked the worst week for spot Bitcoin ETFs since late January.
During the same period, BTC tried three times to break the top of its consolidation range but failed each time. The latest attempt came Thursday after the CLARITY Act cleared the Senate Banking Committee; BTC then slid from $82,000 to below $78,000 by Friday and Saturday.
Spot Ethereum ETFs fared worse, with no positive session all week. Investors withdrew $16.9 million on Monday, $130.62 million on Tuesday, $36.3 million on Wednesday, $5.65 million on Thursday and $65.65 million on Friday. Total net outflows topped $255 million, also the largest weekly outflow since late January.
Bloomberg ETF analyst James Seyffart said Ethereum ETFs have recently slowed outflows and posted some inflows, but interest remains far below the levels seen in Bitcoin ETFs. He noted the peak in cumulative net inflows was around $15 billion in October.
Ether also failed to hold a push toward $2,400 earlier this week and is now trading below $2,200. By contrast, ETFs linked to SOL and XRP finished the week without any down days; Ripple-focused ETFs logged their strongest week since December, and Solana funds posted their best week as well.
