Since receiving a $425 million investment from Consensys, SharpLink has been transformed into a stock market proxy for Ethereum. | Credit: China Photos/Getty Images
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Key Takeaways
U.S. spot Bitcoin ETFs command $94.3 billion in BTC, representing 5.69% of its market cap.
Bitcoin is trading under $80,000; Ethereum is trading under $2,150.
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) and Ethereum exchange-traded funds (ETFs) are experiencing record-breaking outflows as a gigantic market sell-off forces investors to cut their losses before the dip goes too deep.
According to SoSoValue, Bitcoin ETFs saw $275.83 million in net outflows on Feb. 27, 2025, pushing this week’s total net outflows to $2.71 billion.
Bitcoin ETF flows. Source: SoSoValue
The Bitwise Bitcoin ETF (BITB) was the only fund with positive flows, adding $17.65 million and bringing its cumulative net inflows to $2.08 billion. It now holds $3.24 billion in net assets.
The BlackRock iShares Bitcoin Trust (IBIT) recorded the largest single-day outflow at $189.02 million. Despite this, it remains the top-performing fund with $39.95 billion in cumulative net inflows and $47.88 billion in net assets.
The WisdomTree Bitcoin Trust (BTCW) saw $53.78 million in outflows, while the Valkyrie Bitcoin Fund (BRRR) posted $12.82 million in exits. The VanEck Bitcoin ETF (HODL) recorded $10.58 million in outflows.
Grayscale’s Bitcoin Trust (GBTC) shed $7.26 million in net outflows, bringing its total outflows to $22.26 billion, with $16.41 billion in net assets.
Similarly, the Fidelity Wise Origin Bitcoin Fund (FBTC) posted $7.25 million in outflows. Despite this, it remains the second-largest fund by inflows, with $11.59 billion in cumulative net inflows and $16.48 billion in net assets.
Finally, Franklin Templeton’s Digital Holdings Trust (EZBC) lost $7.23 million in net outflows, followed by the Grayscale Bitcoin Mini Trust, which posted $5.54 million in exits.
Ethereum ETFs
According to SoSoValue data, Ethereum funds are also charting a record-breaking week of exits. On Feb. 27, 2025, funds posted a combined $71.08 million in net outflows, bringing the week’s outflows to $293.53 million.
With just one day left, funds are on track to surpass their worst week of outflows, namely their first week of launch, which saw $341.35 million in exits.
Ethereum ETF flows. Source: SoSoValue
BlackRock’s leading fund, the iShares Ethereum Trust (ETHA), posted $26.06 million in cumulative net outflows. Regardless, it remains at the top of the board with $4.3 billion in cumulative net inflows and $2.96 billion in net assets.
Following closely behind, Fidelity’s FETH took a $25.45 million loss. By cumulative net inflows, it’s the second-best-performing fund and stands at $1.49 billion. FETH commands a square $1 billion in net assets.
Finally, outflow champ, the Grayscale Ethereum Trust (ETHE), tallied a further $19.57 million in net outflows, bringing the fund’s cumulative net outflows to a sore $4.06 billion. The fund now holds $2.86 billion in net assets.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
