- Last week, U.S. spot Bitcoin ETFs experienced a significant net outflow of $203 million.
- During the same period, U.S. spot Ethereum ETFs faced $432 million in net outflows, marking a fifth consecutive week of withdrawals.
- Together, these spot ETFs saw total net outflows of $635 million, with Ethereum making up approximately 68% of the overall withdrawals.
Trend Forecast Report for the Period
Funds investment in U.S. spot Bitcoin and Ethereum ETFs dwindled in the previous week.
According to Wu Blockchain on November 2, U.S. spot Bitcoin ETFs recorded a net outflow of $203 million from October 26 to October 30.
Fidelity’s spot Bitcoin ETF, FBTC, was the primary contributor to these outflows, with $166 million withdrawn—accounting for roughly 82% of the overall net outflow from U.S. spot Bitcoin ETFs during that timeframe.
Spot Ethereum ETFs experienced even greater withdrawals, tallying net outflows of $432 million in the same week. This marks the fifth consecutive week of net withdrawals for these funds. As this trend continues, investors are keen to see if demand from institutions for Ethereum exposure will bounce back.
The total net outflows from Bitcoin and Ethereum ETFs last week amounted to $635 million, with Ethereum representing about 68% of the total funds that exited both assets.