Bitcoin ETFs see $523M outflow, Ethereum ETFs lose $422M

The withdrawals occurred on the same day across multiple ETF issuers. Bitcoin ETFs posted $523 million in net outflows while Ethereum ETFs recorded $422 million in net outflows, according to market flow data.

BlackRock's IBIT led Bitcoin ETF outflows with $187 million in redemptions. Fidelity's FBTC recorded $156 million in outflows, while Grayscale's GBTC saw $98 million exit the fund. ARK 21Shares' ARKB and Bitwise's BITB recorded smaller outflows of $45 million and $37 million respectively.

For Ethereum ETFs, Grayscale's ETHE accounted for $198 million of the total outflows. BlackRock's ETHA recorded $89 million in redemptions, while Fidelity's FETH saw $67 million in withdrawals from the fund. VanEck's ETHV and Invesco's QETH had outflows of $35 million and $33 million respectively.

The outflows occurred during a day when Bitcoin traded down 3.2% to around $58,400 and Ethereum fell 4.1% to approximately $3,180. Trading volumes for both ETF categories exceeded average daily levels.

Spot Bitcoin ETFs have attracted over $17 billion in net inflows since launching in January 2024. Ethereum ETFs began trading in July 2024 and have seen more volatile flow patterns compared to their Bitcoin counterparts.

The single-day outflows represent the largest redemptions for both Bitcoin and Ethereum ETFs since their respective launches. Previous record outflows for Bitcoin ETFs reached $400 million in March, while Ethereum ETFs' prior peak outflows hit $310 million in September.

Several ETF issuers, including BlackRock, Fidelity, and Grayscale, manage both Bitcoin and Ethereum products. The funds hold the underlying digital assets and track their respective prices.

Total assets under management for spot Bitcoin ETFs now stand at approximately $52 billion, while Ethereum ETFs hold about $8.5 billion in assets. Both figures reflect the impact of the recent outflows and price declines.

Trading activity for crypto ETFs typically correlates with institutional investor sentiment and broader market conditions affecting digital asset allocations.