Us Spot Bitcoin Etfs Bleed Over $2b In Second-worst Outflow Streak...

While Bitcoin and Ether ETFs saw continued outflows this week, Solana ETFs bucked the trend, extending their winning streak to seven days.

US spot Bitcoin exchange-traded funds (ETFs) have recorded more than $2 billion in outflows over the past week, marking their second-worst withdrawal streak on record.

On Wednesday, spot Bitcoin (BTC) ETFs posted another $137 million in outflows, marking the sixth consecutive day of redemptions, according to Farside data.

The streak, which began on Oct. 29, has now erased more than $2.04 billion. The heaviest day came on Tuesday, when investors pulled $566 million, following prior sessions of $470 million, $488 million and $191 million.

It is second only to the late-February sell-off, when funds saw more than $3.2 billion in redemptions within a single week, led by massive single-day withdrawals of $1.11 billion on Feb. 25 and $757.8 million on Feb. 26.

Related: Crypto funds see $360M outflows as Solana ETFs surge

Spot Ether (ETH) ETFs also continued to face selling pressure on Wednesday, recording $118.5 million in net outflows. Among issuers, BlackRock’s ETHA led the day’s outflows with $146.6 million, while Bitwise’s ETHW and VanEck’s ETHV remained stable.

The latest figure marked the sixth consecutive day of redemptions, during which institutional investors have withdrawn nearly $1.2 billion from Ether products. Despite the downturn, total cumulative inflows remain at over $13.9 billion.

In contrast, Solana (SOL) ETFs continue to see inflows, attracting another $9.7 million on Wednesday, marking their seventh straight day of positive flows. The latest inflow brings the total net additions since launch to $294 million.

Related: Bitcoin ETFs add $2.7B in ‘Uptober’ despite tariff fears

Source: CoinTelegraph