\n\t\t\t\t\t\t\t\t\tThe same streak follows the Ethereum ETFs as mass withdrawals continue to dominate. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have continued their highly adverse streak, making it now seven consecutive weeks in the red.<\/p>\n
The last five trading days were particularly painful as the spot BTC ETFs recorded their second-worst performance in terms of net flows since their inception two and a half years ago.<\/p>\n
Spot BTC ETFs Bleed Hard<\/h2>\n
CryptoPotato<\/em> has repeatedly reported<\/a> on the poor performance of the spot Bitcoin ETFs<\/a>, but the two weeks before the one that ended on June 26 brought some glimmer of hope. Although both were still in the red, the actual withdrawals were more modest, $316 million and $227 million, respectively, down from the $1.72 billion during the first week of June.<\/p>\n However, investors stepped up on the withdrawal button hard once again, pulling out $1.79 billion in total from the funds. This made it the worst week in terms of net flows since late February 2025, when the number stood at $2.61 billion.<\/p>\n The cumulative total net inflows have dropped to $51.61 billion. Recall that the number stood at above $59.30 billion by the middle of May. This means that the ETFs have lost almost $8 billion in less than two months.<\/p>\n If we break the data down to daily net outflows, Thursday stands out as the most painful day with $696 million leaving the funds, followed by $469 million on Wednesday, $444.5 million on Friday, and a more modest $90.66 million on Monday and $68 million on Tuesday.<\/p>\n The continuous outflows from the ETFs are among the most evident reasons why the underlying asset\u2019s price keeps struggling as it plunged to a new multi-year low of $58,000 a few days ago. Analysts are convinced<\/a> that the flows have to stabilize before BTC has a chance of a more profound recovery.<\/p>\n The landscape around the spot Ethereum ETFs is not that much different, just the scale is smaller. The funds have been in the red for seven consecutive weeks as well, and the net outflows from the past week were a lot higher than the previous two. More specifically, the ETFs bled $15 million during the second week of June and $10 million during the third. During the last one, though, investors took out $273.34 million.<\/p>\n The total net flows have dropped from $12.09 billion in mid-May to well under $11 billion as of Friday\u2019s close. Tuesday and Thursday saw the most net withdrawals, with $82.35 million and $81.87 million, respectively.<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
ETH ETFs in Red, Too<\/h2>\n
<\/a>
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n