Bitcoin and Ethereum ETFs See Second Largest Day of Outflows—Over $700B in Exits

Published January 9, 2025 1:27 PM

By Eddie Mitchell

Edited by Insha Zia

Stock trader wearing red jacket and "2025" shaped red glasses.

Bitcoin and Ethereum ETF post substantial outflows. (Photo by Spencer Platt/Getty Images)

Key Takeaways

U.S. spot Bitcoin ETFs command $106.82 billion in BTC, or 5.74% of its market cap.
Bitcoin has dropped under $95,000 – Ethereum briefly traded under $3,250 today.
U.S. spot Ethereum ETFs hold $11.74 billion in net assets or 2.97% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) may be entering a period of volatility as funds post gigantic exits, amounting to the second-largest day of outflows for both assets.

It follows a three-day $1.9 billion inflow streak for BTC ETFs and a rather consistent inflow run for ETH funds.

Bitcoin ETFs

As per SoSoValue, Bitcoin ETFs suffered gigantic outflows of $582.9 million on Jan. 8, 2025, marking their second-worst day of outflows since launching on Jan. 11, 2024.

Bitcoin ETF daily inflows/outflows. — Bitcoin ETF flows. Source: SoSoValue

Losses were heavy for Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw $258.69 million in net outflows, dropping its cumulative net inflows to $12.14 billion.

The ARK 21Shares Bitcoin ETF (ARKB)also saw sizeable outflows, recording $148.3 million in exits. BlackRock’s iShares Bitcoin Trust (IBIT), the top-performing fund by cumulative inflows and total net assets, posted outflows totaling $124.05 million.

Valkyrie’s Bitcoin Fund (BRRR) felt smaller losses of $14.1 million, as did Bitwise Bitcoin ETF (BITB), which saw outflows of $11.26 million.

The Invescro Galaxy Bitcoin ETF (BTCO) posted a modest outflow of $9.38 million.

It’s closely followed by the Grayscale Bitcoin Trust (GBTC), which shed $8.94 million, raising its cumulative net outflows to an eye-watering $21.58 billion.

Finally, Franklin Templeton Digital Holdings Trust (EZBC) posted net outflows of $8.17 million.

Ethereum ETFs

As per SoSoVaue data, Ethereum ETFs recorded $159.34 million in net outflows on Jan. 8, 2024, marking their second-worst day of outflows since launching in late July 2024.

Ethereum ETF daily inflow/outflow chart. — Ethereum ETF flows. Source: SoSoValue

Just three funds posted outflows. Taking the biggest hit overall today, Fidelity’s Ethereum Fund (FETH) took a relatively big hit and recorded $147.68 million in net outflows.

The Grayscale Ethereum Trust (ETHE), which has only seen two days of net inflows, posted $8.26 million in net outflows. This brings its cumulative net outflows to $3.68 billion. Grayscale’s Ethereum Mini Trust has also suffered minor outflows of $3.4 million.

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About the Author

Eddie Mitchell

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.

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