Bitcoin and Ethereum spot exchange-traded funds experienced significant outflows this week, with BTC ETFs recording $1.26 billion in net withdrawals from May 18 to 22, while ETH ETFs shed $215.99 million over the same period.
The selling pressure intensified on the final trading day, as Bitcoin spot ETFs alone posted $105.2 million in net outflows, while Ethereum spot ETFs registered $6.6 million in withdrawals. The sustained redemptions across both asset classes signal weakening institutional demand and suggest investors are rotating positions ahead of potential market headwinds.
The scale of weekly outflows—exceeding $1.4 billion combined—represents a notable reversal from the momentum that supported these products through the first quarter of 2024 and underscores growing caution among fund managers regarding near-term price stability in major cryptocurrencies.