U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant $242.53 million in outflows on Tuesday, marking the largest daily net outflows since September 3. This move ended an eight-day streak of positive flows for bitcoin ETFs.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant $242.53 million in outflows on Tuesday
According to data from SoSoValue, Fidelity’s FBTC led the exodus, with $144.67 million leaving the fund. Ark and 21Shares’ ARKB followed closely, reporting $84.35 million in outflows, the largest since August 27. Other notable outflows included Bitwise’s BITB with $32.7 million and VanEck’s bitcoin ETF with $15.75 million. Even Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, saw $5.9 million in outflows.
The exception was BlackRock’s IBIT, the largest spot bitcoin ETF, which recorded inflows of $40.84 million, making it the only ETF among the top 12 to see positive activity.
The total trading volume across these bitcoin ETFs surged to $2.53 billion on Tuesday, a significant jump from $1.37 billion on Monday.
Ethereum ETFs Also Face Outflows
Spot Ethereum ETFs in the U.S. were not immune to the trend, recording $48.52 million in outflows on the same day. The Grayscale Ethereum Trust led with $26.64 million in outflows, while Fidelity’s FETH saw $24.97 million exit the fund, marking its largest daily net outflows on record. Bitwise’s ETHW reported smaller outflows of $895,650.
However, there were some positive flows in the ether ETF space. VanEck’s ETHV saw net inflows of $2.74 million, and 21Shares’ CETH recorded $1.25 million in inflows. Four other spot ether ETFs remained flat with zero flows.
Overall, trading volume for the nine ether ETFs surged to $290.81 million on Tuesday, up from $149.14 million on Monday, mirroring the increased activity in bitcoin ETFs.
The shift in net flows highlights the volatility and investor sentiment changes within the cryptocurrency market, particularly as ETFs become an increasingly popular investment vehicle.
