Institutional Investors Pulled $549M From Bitcoin (BTC) and Ethereum ETFs Last Week

$549M Left US Spot Crypto ETFs Last Week

Roughly $549 million left US spot crypto ETFs last week, with the weekly flow tally compiled by analytics firm SoSoValue splitting the total into about $229 million from wrappers holding Bitcoin (BTC) and about $320 million from Ethereum (ETH) funds. The figure came in well under the $1.22 billion redeemed the week before, a drop of roughly 55%, but the streak persists: Bitcoin funds have now posted two consecutive weeks of net outflows and Ethereum funds three. Net flows in these wrappers are the difference between the daily creations and redemptions issuers report, so the print captures fund-level institutional positioning directly rather than exchange trading. Institutional selling is what the numbers point to, since redemptions at fund level come from large holders, and neither flagship wrapper has managed a positive weekly print in this run. The breadth matters too: a weekly figure of this size appears to reflect redemption activity spread across the product lineup rather than one issuer's exit. No relief appeared in the altcoin ETFs either: Solana funds shed about $26 million, Zcash funds about $19 million, Hyperliquid funds about $18 million, XRP funds roughly $1.8 million and BNB funds some $285,000. Ethereum's monthly damage is the sharpest: its cumulative October outflow stands near $955 million, the largest redemption month of the year, and its weekly losses now outrun Bitcoin's in absolute terms. Prices tracked the money. The Bitcoin price slipped 1.3% across the seven days and stood near $82,783 when the weekly count closed, while Ethereum (ETH) lost about 5% to trade around $2,433. Spot markets have since settled: our live monitoring puts BTC at $82,344, up 0.4% over 24 hours, with the Fear and Greed Index reading 59 out of 100, still in greed territory.

The numbers behind the weekly print are confirmed rather than modeled: issuers disclose daily creations and redemptions for each fund, and aggregators assemble those line items into the weekly and monthly series analysts quote; the tally above covers the trading week that ended October 17. On the year, the balances remain net positive. Bitcoin spot ETFs have added roughly $259 million of cumulative net creations since January, and Ethereum spot ETFs about $610 million. Those cushions are thinner than they look. Ethereum's October outflow alone, near $955 million, exceeds the roughly $610 million that wrapper has added across the year to date, so a single month of redemptions has outweighed a full year of net gains on that product. Ethereum's streak also began a week earlier than Bitcoin's, which lines up with the larger cumulative damage on the Ethereum (ETH) side. October is now the costliest month of the year for the ETH wrappers by a wide margin. The pace, at least, is decelerating: combined outflows fell from $1.22 billion to $549 million week over week, and the price damage shrank alongside them, with Bitcoin's 1.3% weekly loss modest next to Ethereum's 5%. What has not changed is direction. Every major crypto ETF tracked last week, from the two flagship wrappers down to the BNB fund, recorded net redemptions, and the breadth of withdrawals touching five altcoin products in a single week separates this run from episodes concentrated in one asset. That is why commentary attached to the tally stops short of calling a long-term reversal: annual flows stay positive even as the recent run continues. The next set of issuer disclosures, due after Monday's US session, will show whether the deceleration held.

Levels, Positioning and a Thin Cushion

Our composite support and resistance levels for Bitcoin (BTC) score the $81,444 support at 94 out of 100 and the $84,548 resistance at 88, and spot trading sits between them at $82,344. Derivatives positioning looks unhurried: the perp funding rate reads 0.0069% and open interest holds near $15.8 billion, so fund redemptions have so far triggered no forced deleveraging. Demand outside the wrappers is the swing factor: strategic bitcoin reserve-style treasury buyers and long-term HODL holders decide whether the supply funds are handing back gets absorbed. Related coverage runs both directions on that question: Cathie Wood's dollar-strength Bitcoin outlook, a five-bottom trendline toward $1 million, and MARA Holdings' 1,000 BTC exchange transfers. The arithmetic that matters most is the year's cushion: Bitcoin's $229 million weekly exit equals close to nine-tenths of the roughly $259 million the wrapper has added net all year, so the buffer before its annual balance turns negative is thin.