Bitcoin and Ethereum ETF outflows seven days in a row
US spot Bitcoin and Ethereum ETFs are going through a difficult period. On 26 June, both recorded net outflows for the seventh consecutive day, with Bitcoin ETFs hit hardest, seeing $445 million in outflows in a single day.
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Seven Days of Sustained Outflows
According to data from SoSoValue, on 26 June (ET), spot Bitcoin ETFs saw a total of $445 million in outflows. That is a significant daily outflow that further fuels concerns about investor sentiment. The spot Ethereum ETFs perform slightly better in absolute terms, but even there money is leaving: the net outflow amounts to $12,848 million.
This marks the seventh consecutive trading day with negative flows, a streak indicating that institutional investors are in no hurry to buy more. SoSoValue’s chart shows that the total net assets of Bitcoin ETFs now stand at around $72.82 billion, while the Bitcoin price at the time of writing is around $60.300, a slight increase of 0.3% over the past 24 hours.
What Does This Mean for the Market?
A seven-day streak of sustained outflows is a signal that investors are cautious. The combination of a Bitcoin price hovering around $60.000 and declining ETF flows suggests that demand from traditional financial channels is temporarily waning. Whether this is a brief pause or the start of a longer corrective phase remains unclear.
For Ethereum, the outflows are smaller in absolute terms, but relatively speaking they tell the same story. The ETF market for both major cryptocurrencies is under pressure, and it remains to be seen when inflows will resume and the tide turns for investors seeking exposure to the crypto market through these products.
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