TheBlock
U.S. spot bitcoin ETFs shed roughly $527 million in the holiday-shortened week, their eighth consecutive negative week and the longest such streak on record. Thursday's $221.72 million inflow broke a 10-session outflow run, but BlackRock's IBIT extended its own losing streak to 11 days.
Why it matters
Eight straight negative weeks is a duration the spot bitcoin ETF complex has never posted since launch in January 2024. Even with Thursday's rebound print, the weekly tape remains decisively negative. Spot ether ETFs lost a net $13.7 million, tying their own record at eight consecutive weekly outflows, though the week closed with two consecutive inflow days. The persistence of redemptions across both majors suggests allocators are de-risking rather than rotating.
Market impact
The IBIT-specific 11-day outflow streak is the subtler signal. BlackRock's fund has been the structural bid for the entire complex since launch; even its losing run is unusually long. Hyperliquid ETFs took in just $4.3 million, down from a record $111 million the prior week, the smallest weekly intake since the product launched in May. With holiday-thinned liquidity, the next full trading week will be the first read on whether the Thursday inflow marks a turn or a one-day bear-market rally.
Frequently asked questions
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How long was the spot bitcoin ETF outflow streak?
Eight consecutive negative weeks, the longest such streak since spot bitcoin ETFs launched in January 2024. The complex shed roughly $527 million in the holiday-shortened week.
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Did Thursday's inflow end the losing run?
It broke a 10-session outflow streak with a $221.72 million print, but the weekly tape stayed negative for the eighth straight week. The rebound was a single-session event, not a weekly reversal.
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How did BlackRock's IBIT perform?
IBIT extended its own outflow streak to 11 days, an unusually long losing run for the fund that has been the structural bid for the entire spot bitcoin ETF complex since launch.
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How did spot ether ETFs fare?
Spot ether ETFs lost a net $13.7 million, tying their record at eight consecutive weekly outflows. The week did close with two straight days of inflows, a modest positive signal inside an otherwise negative tape.
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What happened with Hyperliquid ETFs?
Hyperliquid ETFs took in $4.3 million for the week, the smallest weekly intake since the product launched in May and a sharp drop from the record $111 million posted the prior week.
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