Bitcoin ETFs don see fifth week straight wey money comot, ETH sef
Spot Bitcoin ETFs don extend big red streak, dey post outflows for fifth week straight. Even though the latest figures small pass the heavy withdrawals wey happen last week, investors still dey cautious.
SoSoValue data show say BTC ETF net flows dey negative for four of five business days:
- Monday: -$91.37M
- Tuesday: -$77.44M
- Wednesday: -$213.85M
- Thursday: -$19.03M
- Friday turn positive: +$85.85M
Still, the week end with total net outflows near $316M. Since the week wey end on May 15, cumulative net outflows don pass $5.7B, while cumulative net inflows fall from $59.34B (May 8) to $53.62B (June 12).
Spot Ethereum ETFs follow similar pattern. Dem also dey red for five weeks straight, but outflows no too severe like the week before. SoSoValue data show:
- Monday: +$82.37M (one strong inflow day)
- Tuesday: -$40.85M
- Wednesday: -$35.59M
- Thursday: -$15.89M
- Friday: -$4.95M
As result, the week end with just under $15M net outflows, compared with $173M wey dem withdraw the week before. Cumulative net inflows for ETH ETFs drop to under $11.20B on Friday after e peak at $12.09B on May 8.
Keywords: Bitcoin ETF, Ethereum ETF, spot ETFs, net outflows, SoSoValue.
Neutral
Dis kain dey bearish for how flow dey go but e no full-on bearish for price. Di headline na say net outflows still dey: BTC spot ETFs don red five weeks straight and ETH spot ETFs do di same. Dat one usually pressure short-term sentiment and fit weigh down spot demand, especially afta earlier weeks wey see multi-billion withdrawals.
But di article highlight one key shift: dis latest week withdrawals smaller well-well compared to di previous week for both BTC and ETH. Friday better day (+$85.85M for BTC ETFs; ETH still end small negative) show say selling pressure dey ease instead of dey accelerate. Similar historical ETF “less-bad” weeks often come before volatility compress and trading dey range-bound, where price action fit disconnect from daily flows until inflows return.
For traders: expect say people go still react strong to ETF flow headlines. Short term, persistent outflows fit cap rallies and keep pullback risk high. Medium to long term, market fit steady if reduced outflow pace continue and one follow-through week of net inflows show—otherwise, if red weeks continue, bias remain small bearish.