Key Insights
- U.S. spot Bitcoin ETFs hold $101.44 billion in BTC, accounting for 5.79% of the overall market capitalization.
- Bitcoin is currently trading below $89,000, while Ethereum is under $2,473.
- U.S. spot Ethereum ETFs have $9.31 billion in net assets, making up 3.09% of ETH’s market cap.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded the largest single day of exits, with over $1 billion in combined net outflows.
As anticipated, investors moved quickly to secure profits, leading to significant withdrawals.
In contrast, Ethereum ETFs experienced minimal outflows, indicating greater investor confidence in ETH.
Bitcoin ETFs
According to data from SoSoValue , Bitcoin ETFs have registered $1.01 billion in total net outflows as BTC dips below $90,000 for the first time since November 2024.
Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-largest by net inflows, suffered the most significant losses with $344.65 million in outflows, reducing its cumulative net inflows to $11.74 billion and net assets to $17.66 billion.
Next is BlackRock’s iShares Bitcoin Trust (IBIT), which, as the top fund in terms of cumulative inflows and net assets, experienced $164.37 million in exits. IBIT’s cumulative net inflows now total $40.56 billion, with net assets of $51.42 billion.
Valkyrie’s Bitcoin Fund (BRRR) faced $100.02 million in outflows, followed by the Bitwise Bitcoin ETF (BITB) with $88.3 million and the Grayscale Bitcoin Mini Trust with $85.76 million.
The Franklin Templeton Digital Holdings Trust (EZBC) had a decline of $74.07 million, just above Grayscale Bitcoin Trust (GBTC), which, as the leading outflow entity, saw $66.14 million in exits, bringing its cumulative net outflows to $22.23 billion.
Smaller losses were reported by the Invesco Galaxy Bitcoin ETF (BTCO), which had $62.01 million in net outflows, followed by WisdomTree Bitcoin Trust (BTCW) at $17.3 million and the VanEck Bitcoin ETF (HODL) with modest outflows of $9.97 million.
As of now, the ARK 21Shares Bitcoin ETF (ARKB) remains to be updated.
Ethereum ETFs
According to SoSoValue, Ethereum ETFs have weathered the situation with a modest $50.08 million in total net outflows.
Unlike their Bitcoin counterparts, Ethereum ETFs faced limited outflows, indicating investors’ continued confidence in ETH’s long-term prospects.
Leading the outflows, Grayscale’s Ethereum Trust (ETHE) recorded $27.07 million in exits, and similar to GBTC, ETHE leads in cumulative net outflows, now totaling a disappointing $4.04 billion.
Fidelity’s FETH, the second-best fund by cumulative net inflows and net assets, reported a slight $12.46 million in outflows. Following this is the Bitwise Ethereum ETF, which experienced an $8.21 million decrease.
Finally, the Grayscale Ethereum Mini Trust reported the smallest outflow of the day, amounting to $2.35 million.
The 21Shares Core Ethereum ETF (CETH) has yet to be updated.
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