Bitcoin and ether ETFs snap 13- and 17-day outflow streaks!

Bitcoin and ether spot ETFs have broken their respective 13-day and 17-day outflow streaks, marking a notable shift in institutional positioning ahead of the Non-Farm Payrolls (NFP) report. Analysts attribute the reversal to traders rotating capital into equity perpetual futures, suggesting the ETF inflows are part of a broader macro repositioning rather than a pure crypto-native bid.

Why it matters

Extended outflow streaks of this length — 13 days for BTC ETFs and a full 17 days for ETH ETFs — had been weighing on sentiment across the digital asset space. A simultaneous break in both streaks signals that the marginal seller has stepped back, at least temporarily. The timing ahead of NFP is significant: traders are clearly recalibrating risk exposure across both crypto and equity derivatives in anticipation of a macro catalyst that could reset rate-cut expectations.

Market impact

The rotation into equity perps alongside ETF inflows suggests a nuanced positioning — not a full-on risk-on flush, but a tactical reallocation. For BTC and ETH, the end of the outflow streak removes a persistent headwind. If NFP data comes in soft and reinforces rate-cut bets, the inflow momentum could accelerate materially. Watch for whether this reversal holds through the post-NFP session as the real test of structural demand.