Bitcoin & Ethereum ETF Outflows Persist: Monthly Netflows Remain Red

bitcoinistPublished on 2025-12-31Last updated on 2025-12-31

Abstract

Bitcoin and Ethereum spot ETFs have continued to experience net outflows over the past 30 days, with current netflows at -$656 million for BTC and -$422 million for ETH. This indicates sustained capital withdrawal from these digital assets, resembling outflows seen in early 2025. Despite a slight recent improvement, demand remains weak. Historically, such periods were followed by strong price rallies, but it's uncertain if a recovery will occur this time. Meanwhile, cryptocurrency treasury holdings have grown significantly, now exceeding $185 billion across 368 entities, with companies holding 73% of these assets. Bitcoin's price is currently consolidating around $88,100.

Data shows the 30-day ETF netflow is still negative for both Bitcoin and Ethereum, suggesting capital has been flowing away from the digital assets.

Bitcoin & Ethereum ETF Netflows Have Been Negative Recently

As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin and Ethereum spot exchange-traded funds (ETFs) have faced a negative netflow over the past month.

Spot ETFs are investment vehicles that allow investors to gain indirect exposure to an underlying asset’s price movements. In the context of cryptocurrencies, this means that an ETF investor never has to interact on-chain; the fund buys and custodies the tokens on their behalf.

US spot ETFs are a relatively new phenomenon in the digital asset sector, only getting approval by the Securities and Exchange Commission (SEC) in January 2024 for Bitcoin and July 2024 for Ethereum.

Spot ETFs can look like a convenient mode of investing for traders unfamiliar with cryptocurrency wallets and exchanges. Institutional entities, in particular, prefer to gain exposure through them.

Since their arrival, these investment vehicles have quickly gained popularity by tapping into this demand from the traditional investors and established themselves as one of the cornerstones of the sector.

Below is a chart that shows how the 30-day netflows related to the Bitcoin and Ethereum spot ETFs have changed during their existence so far.

Looks like the value of the metric has been negative for both of these assets in recent weeks | Source: @JA_Maartun on X

As is visible in the graph, the 30-day spot ETF netflow has been negative for both Bitcoin and Ethereum since a while now, suggesting that the funds have been witnessing sustained net outflows.

The situation has improved a bit most recently, but the indicator is still red for both assets, sitting at -$656 million for BTC and -$422 million for ETH. The weak demand in the market is similar to the phase of outflows from the first half of 2025.

Back then, demand eventually made an explosive return, with Bitcoin and Ethereum witnessing sharp price rallies. It now remains to be seen whether a comeback will happen this time or if the slowdown in demand is here to stay for now.

Another relatively recent source of demand in the market is digital asset treasuries. As highlighted by institutional DeFi solutions provider Sentora in a new X post, holdings of cryptocurrency treasuries now exceed $185 billion across 368 entities.

The breakdown of treasuries across various sectors | Source: Sentora on X

Out of this amount, 73% of the digital asset treasuries are controlled by companies, while the rest is in the hands of governments.

BTC Price

At the time of writing, Bitcoin is trading around $88,100, unchanged from last week.

The price of the coin seems to have been consolidating recently | Source: BTCUSDT on TradingView

Trending Cryptos

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

The Hunter Becomes the Hunted: The Most Profitable MEV Bot Gets Hacked

A well-known and highly profitable Ethereum MEV Bot, Jaredfromsubway.eth, suffered a sophisticated on-chain attack this Saturday, losing over $7.5 million. Analysis by Blockaid and others reveals this was not a conventional phishing or smart contract exploit, but a targeted "counter-MEV honeypot attack." The attacker meticulously laid a trap over several weeks, deploying 66 fake token contracts and liquidity pools disguised as major assets like WETH and USDC. These pools created the illusion of arbitrage opportunities. The MEV Bot's automated system detected these signals, executed trades, and in the process, granted approval permissions to attacker-controlled contracts. These approvals were not revoked, creating a persistent vulnerability. The attacker then exploited this in a single transaction, draining the bot's ETH, USDC, and USDT holdings. Jaredfromsubway.eth is notorious as one of Ethereum's most active and profitable MEV Bots, primarily known for executing "sandwich attacks" to profit from transaction slippage. Estimates suggest it has earned tens of millions in MEV revenue. The incident highlights escalating crypto security threats, demonstrating that even top-tier automated "predators" are vulnerable to novel, logic-based attacks designed to exploit their own operational rules. Following the hack, an unverified X account impersonating Jaredfromsubway.eth emerged, falsely offering a bounty for the return of funds, prompting developer warnings for users to stay vigilant.

marsbit26m ago

Hunter Becomes the Hunted: The Most Profitable MEV Bot Gets Hacked

The prominent Ethereum MEV bot address Jaredfromsubway.eth suffered a targeted on-chain attack, losing over $7.5 million. The incident was identified as a "counter-MEV honeypot attack," where the attacker deployed numerous fake token contracts and liquidity pools over several weeks, mimicking mainstream assets like WETH and USDC to create seemingly profitable arbitrage opportunities. The MEV bot, designed to automatically detect and execute such trades, interacted with the malicious setup. During the process, it granted approvals to attacker-controlled contracts, which were not promptly revoked. The attacker later exploited these persistent permissions in a single transaction, draining the bot's holdings of ETH, USDC, and USDT. Jaredfromsubway.eth is known as one of Ethereum's most active and profitable MEV bots, primarily executing "sandwich attacks" to extract value from user transactions. Its operations have been linked to a majority of such attacks on the network. This event highlights the evolving security threats in crypto, demonstrating that even sophisticated, rule-exploiting systems can become targets of carefully designed behavioral traps. Following the theft, an impersonator account on X falsely claimed to offer a bounty for the return of the funds, prompting warnings from developers.

Odaily星球日报33m ago

Hunter Becomes the Hunted: The Most Profitable MEV Bot Gets Hacked

Odaily星球日报33m ago

The Reality of Payments in Latin America Is Not What You Think

The payment landscape in Latin America is undergoing a fundamental shift, driven by on-the-ground realities that challenge common perceptions. Based on over 500 hours of field research across the region, key insights emerge. Firstly, QR code payments, like Brazil's Pix, are becoming the dominant payment method in most emerging markets, overtaking cards. However, these domestic instant payment systems lack international interoperability, creating a significant gap for cross-border users. Secondly, the narrative around crypto cards is often misunderstood; their primary volume comes from high-net-worth professionals using them for salary conversions (e.g., USDT to local currency via Pix), not retail micro-payments. Competition in payments is shifting from customer acquisition to controlling the settlement layer, leading fintechs to acquire banking licenses for efficiency. Thirdly, treating "Latin America" as a single market is a mistake. Countries like Argentina, Brazil, and Mexico have distinct economic realities, user segments, and regulatory approaches. Brazil alone has at least five distinct user segments with different financial flows. Overlooked markets like Guatemala, Honduras, and El Salvador (the "forgotten five") offer high remittance volumes with lower competitive density. Finally, regulation in Latin America is often ahead of the US, with clearer frameworks for digital assets and a pragmatic approach from regulators focused on safety rather than obstruction. The margin on stablecoin forex is rapidly compressing toward zero, meaning future winners will be those building value-added services on top of the infrastructure, not just the cheapest exchange.

marsbit41m ago

The Reality of Payments in Latin America Is Not What You Think

marsbit41m ago

Making Music in a Bear Market: The Survival Experiment of a Bitcoin Band

"Orange Pill Jam: A Bitcoin Band's Survival in the Bear Market" Orange Pill Jam is a musical group exploring themes of financial sovereignty and privacy, born from the Bitcoin community. Formed after singer Mermaid performed her song "Dollar Apocalypse" at a 2022 conference, the band creates music intended for both Bitcoin enthusiasts and general audiences. Their creative process involves Mermaid writing lyrics and melodies, which producer/multi-instrumentalist Michi then shapes with a precise, rhythm-focused approach, often demanding numerous retakes to achieve his unique standard of timing. Their songs, like "Cypherpunks' Manifesto" and "Fire of Freedom," tackle concepts of digital privacy, the pitfalls of "free" services, and personal sovereignty, influenced by experiences in places like El Salvador. Despite operating in a crypto bear market with a Copyleft model (offering music for free sharing/remixing and accepting optional Bitcoin donations), they face practical challenges. Their growth is slow on platforms like YouTube and Spotify, which aren't optimized for their niche content. The band also navigates the rise of AI-generated music. While acknowledging AI's efficiency for certain tasks, they believe human creativity occupies a unique space that algorithms cannot replicate—the ability to create new genres and capture intangible rhythmic feeling. For Orange Pill Jam, the core argument for both Bitcoin in a downturn and human artistry in the AI age lies in this irreplaceable, intentional, and imperfectly human creative process. Their project persists as an anti-algorithm experiment, valuing the unquantifiable impact of music over scalable metrics.

marsbit47m ago

Making Music in a Bear Market: The Survival Experiment of a Bitcoin Band

marsbit47m ago

Google's AI Talent Loss: A Stress Test or a Prelude to an 'Obituary'?

The departure of high-profile AI talent from Google, including transformer pioneer Noam Shazeer and AlphaFold's John Jumper, has sparked debate about the company's competitive position. However, this is less a sign of decline than a pressure test typical of the pre-IPO talent wars among AI giants like OpenAI and Anthropic. Google's true strength lies not just in models but in its unparalleled full-stack position: extensive AI research, proprietary infrastructure (TPU, Google Cloud), a massive user base across products (Search, YouTube, Android), and established enterprise relationships. It is simultaneously a competitor and a key infrastructure provider for rivals. While facing the innovator's dilemma inherent to protecting its core search business, Google is aggressively integrating AI across its ecosystem. The narrative shouldn't focus on individual departures but on Google's systemic advantages—its deep talent pool, integrated product strategy, and capacity to compete across every layer of the AI stack for the long term.

marsbit53m ago

Google's AI Talent Loss: A Stress Test or a Prelude to an 'Obituary'?

marsbit53m ago

Trading

Spot

Futures

Hot Articles

How to Buy RED

Welcome to HTX.com! We've made purchasing RedStone (RED) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy RedStone (RED) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your RedStone (RED)After purchasing your RedStone (RED), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade RedStone (RED)Easily trade RedStone (RED) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

4.7k Total ViewsPublished 2025.03.05Updated 2026.06.02

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of RED (RED) are presented below.