Bitcoin ETFs post $151m weekly outflow as BTC slips below $82,000
US spot Bitcoin ETFs returned to net outflows this week, with about $262m withdrawn on Wednesday as Bitcoin fell below $82,000 after the US inflation report.
Key points
- Bitcoin ETFs saw about $262m in outflows on Wednesday, reversing $176m of inflows a day earlier, per SoSoValue data.
- This week's net outflows reached $151m through Wednesday, after $681m left the funds last week.
- XRP ETFs were the only category of the five tracked to draw positive net flows this week, at about $740,000 on Wednesday.
US spot Bitcoin ETFs returned to net outflows this week, with about $262m withdrawn on Wednesday, according to SoSoValue data reported by Cointelegraph. That reversed $176m of inflows the previous day and took this week's net outflows to $151m through Wednesday, after the funds shed $681m last week.
The withdrawals came as Bitcoin fell below $82,000 following Wednesday's US inflation report.
Funds tracking other assets also struggled. Ether ETFs shed around $130m on Wednesday, taking weekly outflows to $190m, after $542m left last week and $138m the week before. Solana ETFs recorded $1.3m in outflows on Wednesday, an eighth straight negative session, with $3m withdrawn this week. Zcash ETFs drew $3.7m on Wednesday but stayed negative for the week at $3.2m in outflows.
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