Bitcoin, Ethereum ETFs Shed $2.6 Billion in Assets Over the Past Week

Investors cashed in a combined $2.6 billion from the United States Bitcoin and ethereum funds traded in the past week, marking one of the largest periods of redemption in the history of funds.

The more than $1.9 billion that left Bitcoin funds and $718.9 million pulled out of their Ethereum counterparts since October 29, according to data from Farside Investors, helped put pressure on the two largest cryptocurrencies by market value.

On Tuesday, Bitcoin fell down below $100,000 for the first time since May. BTC it was recently trading at just over $103,428, up 2.6% on the day, but still about 18% below its October record of $126,080, CoinGecko data shows.

ethereum it was changing hands for $3,439, a jump of more than 5% in 24 hours, although it fell by 13% in the past week.

The second largest digital currency by market capitalization struggled to trade near the record it hit in August of $4,946.

Investors have largely moved away from cryptocurrencies and other risk assets since October amid concerns over US President Donald Trump’s escalation of his trade war against China, the ongoing government shutdown, the bearish market. liquidity, and decreases perspectives of a third US interest rate before the end of the year.

Despite Trump’s pro-crypto rhetoric and policy, Bitcoin has suffered shocks, along with tech stocks in recent months, as a result of ongoing macro uncertainties.

In February, spot BTC ETFs had their longest and most painful losing streak, with investors pulling out more than $2.2 billion in eight consecutive days following the president’s tariff announcements.

Approved by the SEC last year, BTC and ETH ETFs allow traditional investors as well as institutions to buy exposure to cryptocurrencies via exchange-traded funds.

Financial adviser Ric Edelman, who heads the Digital Assets Council of Financial Advisers, struck a positive note, highlighting the enormous flow that both categories of funds have generated in their short history. Bitcoin ETFs had the most successful debut in ETF history after their January 2024 launch approvaland now manages a total of $145.4 billion in assets.

“Looking at dollar flows distorts the picture,” Edelman said Decrypt. “Bitcoin ETFs have collected more than $100 billion in assets, so while $2 billion in outflows sounds like a lot, it’s only 2% – hardly worth noting.”

He added: “What is remarkable is that, despite these outflows, the price of Bitcoin has not fallen. This is because of the strong institutional influences that are occurring simultaneously. This would not have been the case 10, five or even two years ago, and it shows the continued maturity of this asset class.”