Bitcoin and ether ETFs end record multi-billion outflow streak

📰 CoinDesk


📈 Bullish

AI Summary

Bitcoin and Ethereum ETFs have both broken their prolonged outflow streaks, with Bitcoin ETFs seeing small inflows of $3.05 million after 13 days of heavy redemptions totaling $4.4 billion. Ethereum ETFs also turned positive with $19.30 million in inflows after 17 consecutive days of outflows, driven entirely by BlackRock's offering.

Market Impact

This could signal the end of institutional selling pressure that has weighed on crypto markets, potentially providing a foundation for price stabilization or recovery. The shift from outflows to inflows may encourage retail investors and swing sentiment more positively.

💡 Trader Note: Monitor if this marks a genuine trend reversal by watching for sustained inflows over the next few sessions, as one day of small inflows may not be sufficient to confirm the end of institutional selling pressure.