Bitcoin ETFs Bleed $1 Billion for Second Consecutive Week
U.S. spot crypto exchange-traded funds shed a combined $1.55 billion, with Avalanche products capturing the only weekly inflow.
U.S. spot crypto exchange-traded funds suffered roughly $1.55 billion in combined losses over the past week, marking the second consecutive week of billion-dollar outflows for Bitcoin ($BTC) funds, according to TheBlock.
Broad Market Outflows
Instant Telegram notifications for large on-chain moves.
Data tracked by SoSoValue indicates that nearly all category sectors experienced continuous selling pressure across the 15 tracked categories. The persistent withdrawals underscore a broader risk-off sentiment dominating digital asset investment products during the period.
Lone Inflow
Amid the widespread contraction, Avalanche funds stood out as the sole exception. Products tracking Avalanche recorded $227,000 in weekly inflows, representing the only positive net movement among all monitored categories.
Key facts
- U.S. spot crypto ETFs lost approximately $1.55 billion combined.
- Bitcoin ETFs shed $1 billion for the second week in a row.
- Avalanche funds recorded $227,000 in weekly inflows.
- SoSoValue tracks 15 distinct crypto fund categories.
Source: theblock.co
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
