Spot Bitcoin ETFs saw $229M in net outflows last week led by BlackRock's IBIT, while spot Ethereum ETFs recorded $320M in outflows for the third consecutive week.
Macro & Markets ·
During the week of October 12–16 (ET), spot Bitcoin exchange-traded funds experienced $229 million in net outflows, with BlackRock's IBIT accounting for $165 million of that total. Spot Ethereum ETFs saw larger withdrawals at $320 million over the same period.
The Ethereum outflows mark a third consecutive week of net redemptions from those products, indicating sustained investor selling pressure in that segment. Bitcoin ETFs showed mixed activity despite the overall outflow figure, though IBIT's contribution represents a significant portion of the weekly total.
It remains unclear whether the outflows reflect broader portfolio rebalancing, profit-taking after price moves, or shifting investor sentiment toward spot crypto exposure relative to other asset classes.