US spot Bitcoin exchange-traded funds (ETFs) closed in the red for the third consecutive week, raising concerns that one of Bitcoin’s largest institutional demand engines is stalling.
Spot Bitcoin (BTC) ETFs saw net negative outflows of $1.1 billion during the last trading week, the fourth-largest week of outflows on record, according to data from Farside Investors.
The ETF outflow came during a significant correction as the price of Bitcoin fell by more than 9.9% over the past week, trading at $95,740 at the time of writing, Cointelegraph data shows.
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According to crypto insights platform Matrixport, the recent correction marked the first pattern of an emerging “mini” bear market.
“Our data shows that market momentum is declining and lacking the catalysts needed for a sustained rally,” Matrixport wrote in a Friday X post.
“With ETF flows weakening, OG investors reducing exposure, and no immediate catalysts in macro conditions, the path forward is highly dependent on the Federal Reserve’s upcoming policy decisions.”
According to Matrixport, the crypto market remains in a “critical juncture,” as key price levels and macro triggers will determine the next important move.
US spot Bitcoin ETF flows and investments from Michael Saylor’s strategy were the main demand drivers for Bitcoin in 2025.
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Solana ETF flows defy market seriousness
The Spot Solana (SOL) ETF continues to challenge the severity of the cryptocurrency market, generating positive inflows despite the broader bearishness.
The Solana ETF ended last week on Friday with inflows of $12 million, recording 13 consecutive days of inflows since its launch on October 29.
Spot Ether (ETH) ETFs recorded outflows of $177 million on Friday, staying in the red for the fourth consecutive day, according to Farside Investors.
Despite positive ETF inflows, the price of Solana fell 15% on the weekly chart, while the price of Ether fell 11% during the same period.
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