US spot Bitcoin ETFs bleed over $2B in second-worst outflow streak ever

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 Oct. 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.

It is second only to the late-February sell-off, when funds saw more than $3.2 billion in redemptions within a single week, led by massive single-day withdrawals of $1.11 billion on Feb. 25 and $757.8 million on Feb. 26.

Spot Bitcoin ETFs bleed over $2 billion in six-day outflow streak. Source: Farside

Related: Crypto Funds See $360M Outflows as Solana ETFs Surge

Ethereum ETFs log $118.5 million in 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.

The latest figure marks the sixth consecutive day of redemptions, during which institutional investors have withdrawn nearly $1.2 billion from Ether products.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.

In contrast, Solana (SOL) ETFs continue to see inflows, attracting 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.

Related: Bitcoin ETFs Add $2.7B in 'Uptober' Despite Tariff Fears

Supreme Court tariff case injects uncertainty to crypto

The US Supreme Court has begun hearings on President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, with several justices signaling skepticism toward broad presidential trade powers.

In a note shared with Cointelegraph, Bitunix said that analysts believe 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,” Bitunix said, adding that the US dollar has strengthened on safe-haven demand, while Bitcoin trades near $100,000 amid volatility.

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