US spot Bitcoin exchange-traded funds (ETFs) experience over $2 billion in outflows last week, marking the second-worst redemption streak in their history. Despite Bitcoin and Ethereum ETFs continuing to see funds exit this week, Solana ETFs buck the trend, extending their inflow streak to seven days. This divergence highlights shifting investor sentiments amid broader market volatility and regulatory pressures.
Massive Redemptions Rock Bitcoin ETFs
Farside data reveals that spot Bitcoin (BTC) ETFs record a $137 million outflow on Wednesday, extending the redemption streak to six consecutive days. This trend starts on October 29 and erases over $2.04 billion so far. The heaviest day comes on Tuesday, when investors pull out $566 million, following $470 million, $488 million, and $191 million on prior trading days.
This ranks as the second-largest outflow event, trailing only late February’s sell-off, which sees over $3.2 billion exit in a week—including $1.11 billion on February 25 and $757.8 million the next day. Consequently, the ongoing redemptions signal growing caution among institutional investors, even as Bitcoin holds near recent highs.
Ethereum ETFs Face Similar Pressure
Spot Ethereum (ETH) ETFs also endure selling pressure on Wednesday, logging $118.5 million in net outflows. Among issuers, BlackRock’s ETHA leads with $146.6 million exiting, while Bitwise’s ETHW and VanEck’s ETHV remain stable.
This marks six straight days of redemptions, with institutions withdrawing nearly $1.2 billion from Ethereum products during this period. Despite the downturn, total cumulative inflows exceed $13.9 billion. In contrast, Solana (SOL) ETFs attract another $9.7 million on Wednesday, marking seven consecutive days of positive inflows and pushing total net additions to $294 million since launch.
Supreme Court Tariff Case Adds Market Uncertainty
This week, optimism around a US-China trade deal gives way to concerns over the US Supreme Court’s hearing on President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) for tariffs. Several justices express skepticism about broad presidential trade powers.
Bitunix reports in a shared analysis that even an unfavorable ruling for Trump might not eliminate tariff risks, as other regulations could sustain trade pressures. If current tariffs overturn, US rates might drop to 6.5%, easing GDP drag slightly but deepening fiscal worries.
Bitunix notes
Bitunix notes that judicial risks now seep into macro liquidity expectations, boosting the dollar on safe-haven demand while Bitcoin trades near $100,000 amid volatility. Moreover, this uncertainty compounds the ETF outflows, potentially affecting cryptocurrency mining profitability as market sentiment sours.
Using a bitcoin mining calculator, miners can assess how such redemptions influence coin values and rig returns, especially with wholesale ASIC miners offering efficient solutions for volatile times.
