Bitcoin ETF Outflows Continue for Sixth Consecutive Day
US spot Bitcoin exchange-traded funds (ETFs) have recorded more than $2 billion in outflows over the past week, marking their second-worst withdrawal streak on record. On Wednesday, spot Bitcoin (BTC) ETFs posted another $137 million in outflows, marking the sixth consecutive day of redemptions, according to Farside data. The streak, which began on October 29, has now erased more than $2.04 billion in total. The heaviest day came on Tuesday, when investors pulled $566 million, following prior sessions of $470 million, $488 million, and $191 million.
This outflow streak is second only to the late-February sell-off, when funds saw more than $3.2 billion in redemptions within a single week. That period was led by massive single-day withdrawals of $1.11 billion on February 25 and $757.8 million on February 26.
Ethereum ETFs Experience Significant Outflows
Spot Ether (ETH) ETFs also continued to face selling pressure on Wednesday, recording $118.5 million in net outflows. Among issuers, BlackRock’s ETHA led the day’s outflows with $146.6 million, while Bitwise’s ETHW and VanEck’s ETHV remained stable. This latest figure marks the sixth consecutive day of redemptions, during which institutional investors have withdrawn nearly $1.2 billion from Ether products. Despite the downturn, total cumulative inflows remain at over $13.9 billion.
Solana ETFs Show Continued Inflows
In contrast to Bitcoin and Ethereum ETFs, Solana (SOL) ETFs continue to see inflows. They attracted another $9.7 million yesterday, marking their seventh straight day of positive flows. The latest inflow brings the total net additions since launch to $294 million.
Supreme Court Tariff Case Introduces Uncertainty to Crypto Market
The US Supreme Court has begun hearings on President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Several justices have signaled skepticism toward broad presidential trade powers. Analysts believe that a ruling against Trump might not eliminate tariff risks, as alternative statutes could be used to sustain trade pressure. If existing tariffs are overturned, the US tariff rate could fall to 6.5%, slightly easing the drag on gross domestic product, but potentially deepening fiscal concerns.
"Judicial risk is beginning to seep into macro liquidity expectations, with the dollar showing short-term strength as safe-haven demand rises," stated Bitunix analysts. They added that the US dollar has strengthened on safe-haven demand, while Bitcoin trades near $100,000 amid volatility.