Spot Bitcoin ETFs recorded their second-largest single-day outflow on Friday, with a staggering $812 million withdrawn by investors. This marks a significant reversal following weeks of net inflows and comes amid heightened volatility driven by macroeconomic pressures and policy uncertainty.
Fidelity’s FBTC led the exodus with $331 million in redemptions, closely followed by ARK’s ARKB with $327 million. Even the formerly dominant GBTC recorded $66 million in outflows, while BlackRock’s IBIT saw only minimal activity, losing just $2.5 million. Despite the outflows, ETF trading remained brisk, with over $6.1 billion in total volume, showing continued interest in the space.
This sudden shift erased a week’s worth of gains and brought cumulative net inflows down to $54.1 billion, with total assets under management dropping to $146.4 billion—roughly 6.46% of Bitcoin’s market capitalization.
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Ether ETFs End Record 20-Day Inflow Streak
In a parallel trend, Ether-based ETFs saw $152 million in net outflows, ending a 20-day streak of consecutive inflows—the longest since Ether ETFs launched. This decline highlights the broader sentiment shift across the crypto asset class.
Grayscale’s ETHE led Ether’s drawdown, with $47 million in redemptions, followed by Bitwise’s ETHW, which recorded $40 million in outflows. Notably, Fidelity’s FETH also saw withdrawals, while BlackRock’s ETHA remained neutral, with no inflows or redemptions for the day.
Despite the outflows, Ether ETF volume remained healthy, crossing $2.26 billion, signaling ongoing institutional interest in Ethereum exposure even during turbulent periods.
Institutions and Volatility Drive Market Sentiment
While both Bitcoin and Ethereum ETFs faced pressure, institutional involvement in Ether remains strong, with corporate treasuries reportedly acquiring over 1% of Ethereum’s circulating supply since June. This accumulation, along with previous ETF inflows, has been cited as a major driver behind Ethereum’s recent strength.
Although ETF outflows suggest cautious investor sentiment, high trading volumes and corporate accumulation indicate that broader confidence has not disappeared—just recalibrated amid shifting market dynamics.
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.