Spot Bitcoin exchange-traded funds (ETFs) recorded their first net outflows since mid-August, with over $460 million withdrawn last week, a stark reversal after attracting nearly $1.9 billion in a single week between August 17 and 21. In contrast, spot Ethereum ETFs extended their positive streak to four consecutive weeks, driven by a massive single-day inflow of $216.41 million on Friday. That day also saw Ethereum’s price surge over 8% to an eight-month high of $2,670 before settling near $2,500. Total net inflows for Ethereum ETFs have now recovered to $13.39 billion, while Bitcoin ETFs saw total net inflows decline to $55.15 billion.
Spot Bitcoin ETFs turned red for the first time since mid-August, with more than $460 million leaving the funds over the past four business days. The week began with a non-trading day on Labor Day, followed by net outflows of $46.65 million on Tuesday.
Data shows outflows accelerated to $120.24 million on Wednesday and $282.56 million on Thursday. On Friday, an additional $13.29 million was withdrawn on the day of the CPI announcement.
The total net outflows for the week reached $462.73 million, according to data. BTC’s price had a volatile end to the week, dropping from $77,000 to $76,000 before surging to $79,800, then returning to its starting point.
The same cannot be said for the Ethereum counterparts. Spot Ethereum ETFs began the week with $24.29 million in withdrawals, followed by a positive Wednesday that saw $34.75 million inflow.
Thursday brought another $29.76 million in net outflows. Friday changed the entire week, with net inflows hitting a two-week peak of $216.41 million.
ETH’s price experienced massive volatility on Friday, trading at $2,440 after the CPI announcement. It skyrocketed by over 8% within an hour, surging to $2,670 for the first time since late January before being rejected and returning to just over $2,500.
The Ethereum ETFs extended their green streak to four weeks in a row. Only one out of the previous 10 weeks has been in the red, with outflows of just $2.26 million, as total net inflows recovered to $13.39 billion.
