Bitcoin ETFs See $37 Million in Outflows, Led by Grayscale’s Massive Withdrawals

On Wednesday, U.S. Bitcoin exchange traded funds (ETFs) saw net outflows totaling $37.2 million, the sixth consecutive day of negative flows.

Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net asset size, led the outflows with $34.2 million leaving the fund.

Other notable outflows came from Fidelity’s FBTC with $7.6 million and VanEck’s HODL, which lost $4.9 million.

Bitwise’s BITB was the only Bitcoin ETF to record net inflows, bringing in $9.5 million.

BlackRock’s IBIT, the largest spot Bitcoin ETF, and seven other funds saw no activity on the day.

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Spot Ethereum ETFs also faced outflows, with net outflows totaling $37.5 million, continuing a two-day streak of outflows.

Grayscale’s ETHE led the way with $40.63 million, while its Ethereum Mini Trust (ETH) saw $3.1 million in inflows. The other 7 Ethereum ETFs saw no activity.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.