Bitcoin ETFs Face Record Outflows as BTC Slips Under $90K, Ethereum Funds Follow Suit

• U.S. spot Bitcoin ETFs command $101.44 billion in BTC, representing 5.79% of its market cap.
• Bitcoin is trading under $89,000; Ethereum is trading under $2,473.
• U.S. spot Ethereum ETFs command $9.31 billion in net assets or 3.09% of ETH’s market cap.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have posted their largest-ever day of exits, recording over $1 billion in combined net outflows.

As expected, investors rushed to lock in profits, triggering massive withdrawals.

Meanwhile, Ethereum ETFs saw minimal outflows, signaling stronger investor confidence in ETH.

Bitcoin ETFs

According to data from SoSoValue , Bitcoin ETFs recorded $1.01 billion in cumulative net outflows as BTC continues to tumble below $90,000 for the first time since November 2024.

Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-largest by net inflows, led the losses with $344.65 million in outflows. This brings its cumulative net inflows down to $11.74 billion and net assets to $17.66 billion.

It is followed by the top fund by cumulative inflows and net assets, BlackRock’s iShares Bitcoin Trust (IBIT), which posted $164.37 million in exits. IBIT’s cumulative net inflows now stand at $40.56 billion, with $51.42 billion in net assets.

Valkyrie’s Bitcoin Fund (BRRR) saw $100.02 million in outflows, followed by the Bitwise Bitcoin ETF (BITB) with $88.3 million and Grayscale Bitcoin Mini Trust with $85.76 million.

The Franklin Templeton Digital Holdings Trust (EZBC) shed $74.07 million. Just below it, Grayscale Bitcoin Trust (GBTC), the leading outflow champion, saw $66.14 million in exits, bringing its cumulative net outflows to $22.23 billion.

For the smaller losses, the Invesco Galaxy Bitcoin ETF (BTCO) tallied $62.01 million in net outflows. It was followed by WisdomTree Bitcoin Trust (BTCW), which lost $17.3 million, and the VanEck Bitcoin ETF (HODL), which recorded a modest $9.97 million in net outflows.

ARK 21Shares Bitcoin ETF (ARKB) has yet to be updated.

Ethereum ETFs

As per SoSoValue, Ethereum ETFs have managed to survive the storm and experienced a modest $50.08 million in combined net outflows.

Unlike Bitcoin ETFs, Ethereum ETFs saw limited outflows, suggesting investors remain confident in ETH’s long-term outlook.

Leading the day’s outflows, Grayscale’s Ethereum Trust (ETHE) tallied $27.07 million in exits. Similar to GBTC, ETHE leads in terms of cumulative net outflows, which now stand at a disappointing $4.04 billion.

Fidelity’s FETH, the second-best-performing fund by cumulative net inflows and net assets, shed a modest $12.46 million in outflows. Trailing behind is the Bitwise Ethereum ETF, which also shed $8.21 million.

Finally, the Grayscale Ethereum Mini Trust saw the smallest losses of the day, tallying $2.35 million in net outflows.

21Shares Core Ethereum ETF (CETH) has yet to be updated.