Article Details

Ethereum and Bitcoin ETFs Suffer Over $520M in Daily Outflows

TL;DR

• Bitcoin Outflows: Bitcoin ETFs saw $410.2 million in net withdrawals, with major products like IBIT, FBTC, GBTC, and ARKB driving the decline as institutions reduced exposure.
• Ethereum Redemptions: Ethereum ETFs reported $113.1 million in outflows, led by FETH, ETHA, and ETHE, indicating continued caution toward ETH despite recent ecosystem developments.
• Selective Altcoin Flows: Solana ETFs recorded a $2.7 million inflow. In comparison, XRP products ended with a $6.42 million net outflow, reflecting mixed positioning across alternative assets.
  

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Bitcoin ETFs faced renewed selling pressure on Friday as institutional flows turned sharply negative across major issuers. U.S. spot Bitcoin ETFs recorded combined net outflows of $410.2 million, marking one of the largest single‑day withdrawals this month and underscoring how sensitive large‑cap crypto exposure remains to shifting macro sentiment. The retreat was broad, with leading products absorbing the bulk of the redemptions and smaller issuers adding to the negative totals.

Bitcoin ETFs Lead the Day’s Withdrawals

BlackRock’s IBIT posted $157.6 million in outflows, while Fidelity’s FBTC followed with $104.1 million in redemptions. Grayscale’s GBTC recorded a $59.1 million decline, and ARK’s ARKB shed $31.5 million. Additional modest outflows across smaller Bitcoin ETFs products reinforced the widespread nature of the pullback. The scale of withdrawals highlights a cautious institutional stance as market participants reassess positioning amid evolving macro conditions.

Ethereum ETFs also saw meaningful weakness, registering $113.1 million in net outflows for the session. Fidelity’s FETH led with $43.5 million in redemptions, followed by BlackRock’s ETHA at $29.0 million. Grayscale’s ETHE added another $13.4 million in outflows. The consistent red readings across multiple issuers suggest investors remain hesitant toward ETH exposure despite ongoing structural developments within the ecosystem.

Solana ETFs Stand Out With Modest Inflows

In contrast to the broader market tone, Solana ETFs recorded a $2.7 million net inflow. Bitwise’s BSOL contributed $2.1 million, with smaller positive allocations across other issuers. While the totals remain relatively small, the inflow is notable given the pronounced outflows in Bitcoin and Ethereum products, signaling selective accumulation rather than broad risk‑off behavior.

XRP spot ETFs posted a net $6.42 million outflow. Canary and Franklin products saw inflows of $1.44 million and $737,470, respectively, but Grayscale’s GXRP experienced an $8.91 million withdrawal, pushing the daily balance into negative territory. The mixed flows point to selective positioning rather than widespread accumulation or capitulation. Overall, the session reflects a defensive tilt among institutional participants as ETF flows continue to react quickly to market structure dynamics.