Over $9 billion exits bitcoin and ether ETFs in four months

U.S.-listed spot bitcoin and ether exchange-traded funds have recorded more than $9 billion in outflows over the past four months. Investors pulled $6.39 billion from bitcoin ETFs across four straight months of outflows — the longest monthly losing streak since the funds launched in January 2024, SoSoValue data show.

Ether ETFs lost $2.76 billion over the same period. Those withdrawals coincide with steep price declines: bitcoin, which topped $126,000 in early October, has fallen to about $67,000, while ether is down more than 60% from highs above $4,950 in August last year.

Spot ETFs emerged as the clearest and most observable source of sustained institutional activity after their debut in early 2024, with investors pouring billions in 2024 and in months following pro-crypto Donald Trump's victory in the U.S. elections. Demand evaporated after the early October crash, which was blamed on pricing inefficiencies on offshore exchange Binance.

United States

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