Spot Bitcoin and Ethereum exchange-traded funds experienced significant outflows last week, with Bitcoin ETFs seeing a net withdrawal of approximately $1.42 billion between May 25 and 29, while Ethereum ETFs recorded outflows of roughly $241.45 million during the same period.
The selling pressure intensified on the final trading day, as Bitcoin ETFs alone suffered a net outflow of $483.8 million, with Ethereum ETFs recording an additional $44.5 million in withdrawals. The consecutive days of outflows suggest institutional and retail investors reduced their exposure to both major cryptocurrencies, potentially signaling profit-taking or shifting market sentiment.
The scale of these withdrawals—particularly the nearly $1.5 billion in combined Bitcoin ETF outflows over five trading days—marks a notable reversal from the inflows that followed the approval of spot crypto ETFs, indicating possible weakness in investor demand despite regulatory advancement in the cryptocurrency market.