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US spot Bitcoin ETFs bleed over $2B in second-worst outflow streak ever

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 18 Views

While Bitcoin and Ether ETFs saw continued outflows this week, Solana ETFs bucked the trend, extending their winning streak to seven days.

US spot Bitcoin exchange-traded funds (ETFs) have recorded more than $2 billion in outflows over the past week, marking their second-worst withdrawal streak on record.

On Wednesday, spot Bitcoin (BTC) ETFs posted another $137 million in outflows, marking the sixth consecutive day of redemptions, according to Farside data.

The streak, which began on Oct. 29, has now erased more than $2.04 billion. The heaviest day came on Tuesday, when investors pulled $566 million, following prior sessions of $470 million, $488 million and $191 million.

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