PiCK
US Spot-Bitcoin ETFs See $1.42 Billion Weekly Outflow, Third-Largest on Record
Suehyeon Lee
Summary
- US spot Bitcoin (BTC) ETFs recorded about $1.42 billion in net outflows last week.
- US spot Ethereum (ETH) ETFs posted $241 million in net outflows over the same period, extending their streak of weekly net outflows to three.
- By contrast, spot ETFs tied to Solana (SOL), XRP, and Hyperliquid (HYPE) continued to post net inflows.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds posted heavy outflows last week.
Wu Blockchain said on June 1 that US spot-Bitcoin ETFs recorded net outflows of $1.42 billion during the May 25-29 period. That marked the third-largest weekly net outflow since the launch of spot-Bitcoin ETFs.
US spot-Ether ETFs also posted net outflows of $241 million over the same period, extending their streak of weekly net outflows to three.
By contrast, spot ETFs tied to altcoins continued to draw money. Spot-Solana ETFs recorded net inflows of $2.36 million, spot-XRP ETFs saw $15.2 million of net inflows, and spot-Hyperliquid ETFs posted net inflows of $25.57 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
