Spot Bitcoin ETFs Face $812 Million Withdrawal, Second-Largest in History

Spot Bitcoin ETFs experienced significant institutional withdrawals, totaling over $812 million last Friday. This marks the second-largest one-day outflow in history, reducing cumulative net inflows to $54.18 billion.

Key Highlights

  • Total assets under management for spot Bitcoin ETFs are now $146.48 billion, representing 6.46% of Bitcoin's market cap.
  • Fidelity’s FBTC led with $331 million in redemptions, followed by ARK Invest’s ARKB with $327.93 million.
  • Grayscale’s GBTC saw $67 million in outflows, while BlackRock’s IBIT faced a minor pull-back of $2.58 million.
  • Daily trading volume across all Bitcoin ETFs reached $6.13 billion, with BlackRock’s IBIT contributing $4.50 billion.
  • Despite withdrawals, active trading indicates investors are adjusting positions rather than exiting entirely.

Ether ETFs' Inflow Streak Ends

Spot Ether ETFs recorded net outflows of $152 million last Friday, ending a 20-day inflow streak. Grayscale’s ETHE was the largest contributor to these outflows, losing $47.68 million.

  • Bitwise’s ETHW and Fidelity’s FETH lost $40.30 million and $6.17 million, respectively.
  • BlackRock’s ETHA maintained stability with $10.71 billion in assets under management.
  • Total trading volume for Ether ETFs reached $2.26 billion, with Grayscale’s product accounting for nearly $290 million.
  • The combined AUM for Ether ETFs is $20 billion, or 4.70% of Ethereum’s market cap.