Six-Week Streak of Bitcoin ETF Outflows Tops $227 Million

US spot Bitcoin exchange-traded funds (ETFs) have seen net outflows for six consecutive weeks, totaling $227 million in withdrawals. This trend was also observed in US spot Ether ETFs, which saw $10.05 million leave the funds over the same period.

In contrast to Bitcoin and Ether ETFs, some altcoin ETFs continued to attract inflows. Spot Solana (SOL) ETFs took in $7.11 million, while XRP ETFs drew $10.66 million. Hyperliquid (HYPE) ETFs posted the largest net inflow among major crypto ETFs at $27.95 million.

The trend of net outflows from US spot Bitcoin ETFs is expected to weaken institutional buying channels and cap Bitcoin's short-term upside, according to a forecast by PeriodShort-termNeutral(Confidence Level: 60%). However, the report also notes that overheating is limited due to Bitcoin's Relative Strength Index (RSI) at 54.3, a bullish signal from the Moving Average Convergence Divergence (MACD), and neutral funding rates.