Bitcoin and Ether funds face first net redemptions in over a week
After days of record-setting inflows, crypto exchange-traded funds (ETFs) ended the week on a weaker note. On Friday, August 15, investors pulled a combined $73 million from Bitcoin and Ether ETFs, halting a winning streak that had fueled optimism across the digital asset market.
Bitcoin ETFs Face Modest Pullback
Bitcoin ETFs recorded $14 million in net outflows, despite strong institutional demand. BlackRockâs iShares Bitcoin Trust (IBIT) attracted $114 million in new capital, but losses at other funds offset the gains. Grayscaleâs GBTC saw $81 million in redemptions, while Ark 21Sharesâ ARKB shed nearly $47 million.
Trading activity remained elevated at $3.28 billion, yet total net assets slipped to $151.9 billion. Analysts say the data shows resilience even as investors reassess risk.
âAfter such strong inflows, a brief pause isnât surprising,â said one market strategist. âThe market is consolidating rather than reversing trend.â
Ether ETFs Post Sharper Losses
Ether funds faced a tougher session, with $59 million in outflows. BlackRockâs ETHA drew an impressive $338 million in inflows, but it wasnât enough to offset steep redemptions elsewhere.
Fidelityâs FETH lost $272 million, while Grayscaleâs ETHE saw $101 million exit. Smaller outflows hit Bitwiseâs ETHW, 21Sharesâ CETH, and Grayscaleâs Ether Mini Trust. As a result, Ether ETF net assets declined slightly to $28.1 billion, with volumes at $3.54 billion.
According to market observers, the retreat reflects profit-taking after rapid gains earlier in the week. âInvestors are locking in profits, especially in Ether, where inflows hit records just days ago,â explained a digital asset researcher.
Despite the red close, sentiment remains cautiously optimistic. The strong participation of major funds like BlackRock highlights continued institutional confidence in crypto-backed products.
As markets reopen next week, traders will watch closely to see if the outflows represent a short-lived pause or the start of a cooling trend.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.