Spot Bitcoin ETFs See $1,23 Billion in Outflows

• Spot Bitcoin ETFs record weekly outflows
• Bitcoin volatility puts pressure on flows and liquidity
• Ethereum ETFs also end the week in the red

US spot Bitcoin ETFs ended the week with net outflows of approximately $1,23 billion, marking the second-largest weekly withdrawal since the products launched in 2024. On Friday alone, outflows totaled approximately $366,6 million, reversing the direction of the net inflow of approximately $2,7 billion seen the previous week.

The movement took place in the midst of strong bitcoin volatility , which fell from around $121 on October 10 to a low of around $103,7 on October 17. Since then, the leading cryptocurrency has recovered some of its losses and returned to trading above $111 early Monday morning, up around 4% in the last 24 hours. Ether has also advanced recently, gaining close to 5% and trading at around $4.082.

In historical comparison, the negative week is surpassed only by the peak outflows of approximately US$2,6 billion recorded in the week ending February 28. Analysts point out that the combination of risk adjustments, profit-taking, and macroeconomic uncertainty contributed to the reshaping of flows into spot Bitcoin ETFs, which had been supporting significant purchases in previous weeks.

Spot Ethereum ETFs also saw a decline in flows, with a weekly net outflow of nearly $311,8 million, reversing the inflow of approximately $488,3 million seen the previous week. This data reinforces that the pressure wasn't limited to Bitcoin, but also affected ETH-backed products.

On the macro front, traders have begun to price in the possibility of an interest rate cut later this month, in addition to an early end to quantitative easing, which impacts the yield curve and the liquidity available for risk assets.

“Chairman Jerome Powell acknowledged that while growth remains firmer than expected, labor market weakness persists,”

said Rachael Lucas, cryptocurrency analyst at Mercados.

“This shift has eased bond yields and improved the liquidity environment for risk assets, including digital assets.”

For investors and asset managers, the short term remains dependent on the balance between volatility, the flow of spot Bitcoin ETFs, and expectations for monetary policy, while recent technical levels remain on the radar.