Meet the Top 101 in Crypto
News
3 min read

US Crypto Euphoria Fades as Bitcoin, Ethereum ETFs Turn Red

Published 28 January 2025
Eddie Mitchell
Authors
Edited by Insha Zia
Key Takeaways
  • U.S. spot Bitcoin ETFs command $117.35 billion in BTC or 5.84% of its market cap.
  • ETF applications for Litecoin (LTC), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and others are piling up.
  • U.S. spot Ethereum ETFs hold $11.3 billion in net assets or 2.98% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen a combined outflow of $593.73 million.

As the initial excitement from the “Trump Effect” fades and Bitcoin retreats from its all-time high, institutional crypto investors are bracing for potential volatility.

Meanwhile, concerns over China’s growing influence in artificial intelligence (AI) are rattling Western tech markets, further contributing to the unease among investors.

Bitcoin ETFs

As per SoSovalue, Bitcoin ETFs have recorded outflows of $457.48 million on Jan. 27, 2025, following a 7-day inflow streak.

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

Unshaken by the bearish sentiment, BlackRock’s iShares Bitcoin Trust (IBIT) investors poured $63.94 million in net inflows into the fund. With $39.79 billion in cumulative net inflows and $57.86 billion in net assets, IBIT is leagues ahead of the competition.

Leading the outflows, Fidelity’s Wise Origin Bitcoin Fund (FBTC) took a sizeable hit, shedding $268.59 million in daily net outflows. The second-best-performing fund has notched $12.77 billion in cumulative net inflows and scooped up $21.32 billion in net assets.

The Grayscale Bitcoin Trust (GBTC) stayed on brand with $108.47 million in net outflows. Having failed to capture or retain investor interest, GBTC has recorded $21.86 billion in cumulative net outflows and now commands $20.42 billion in net assets.

The Bitwise Bitcoin ETF (BITB) saw $88.57 million in exits, followed by ARK 21Shares Bitcoin ETF (ARKB), which lost $50.11 million in outflows. Finally, the VanEck Bitcoin ETF (HODL) posted outflows of $5.68 million.

Ethereum ETFs

According to SoSoValue, Ethereum ETFs have recorded their second-worst day of outflows since launching, shedding $136.25 million on Jan. 27, 2025.

Ethereum ETF daily inflows/outflows.
Ethereum ETF flows. Source: SoSoValue

Going against the bearish grain, BlackRock’s iShares Ethereum Trust (ETHA) bagged a cool $20.69 million in net inflows. The top-performing ETH fund has recorded an exceptional $3.99 billion in cumulative net inflows and holds $4.75 billion in net assets.

Kicking off the outflows, Grayscale Ethereum Trust (ETHE) maintained its losing streak with $84.24 million in exits, its second-largest outflow since July 31, 2024.

To date, ETHE has seen cumulative net outflows of $3.85 billion and has a dwindling $4.25 billion basket of net assets.

Fidelity’s Ethereum Fund (FETH) took a sizeable hit, shedding $68.46 million in net outflows. FETH is the second-best-performing fund, with cumulative net inflows of $1.39 billion.

Finally, the Bitwise Ethereum ETF (ETHW) took a modest hit of $4.23 million in outflows.

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.

Related

Survey Icon
Help us improve
1 of 4
Is this your first time here?
What brought you here today?
What are you most interested in?
Would you be interested in:
Thank you icon
Thank you for your feedback!
DMCA.com Protection Status