U.S. spot Bitcoin and Ethereum exchange-traded funds saw combined outflows of $261 million, extending a multi-day withdrawal streak. Ethereum ETFs alone bled $8 million, according to validated on-chain data.
The persistent outflows point to institutional rebalancing rather than a final retreat from crypto funds, the data suggests. Meanwhile, rising USDT inflows indicate that capital is rotating into stablecoins and waiting on the sidelines for a clearer market direction.
The moves come amid broader crypto market uncertainty, with Bitcoin and Ethereum prices under pressure. Analysts view the stablecoin buildup as a potential dry-powder signal—if sentiment shifts, that capital could quickly flow back into digital assets.
Some market watchers caution that sustained ETF outflows could still weigh on prices if the trend continues. They argue that sideline capital may remain parked in stablecoins longer than expected if regulatory or macroeconomic headwinds persist.