Bitcoin ETFs See Heavy Outflows as Ethereum Funds Draw Fresh Inflows
U.S. crypto ETFs moved in opposite directions on Wednesday as investors continued to tread carefully after last week’s flash crash.
Bitcoin funds saw renewed weakness, recording $104 million in outflows, while Ethereum ETFs attracted nearly $170 million in new inflows – a sign that some traders may be rotating into alternative assets amid lingering volatility.
Data showed Grayscale’s GBTC leading the Bitcoin outflows with $82.9 million, followed by Invesco’s BTCO and BlackRock’s IBIT, which lost $11 million and $10 million, respectively. Meanwhile, BlackRock’s ETHAaccounted for nearly all of the Ethereum inflows, pulling in $164 million, with Bitwise and Fidelity adding modest amounts.
The uneven flows follow Friday’s unprecedented market crash, triggered by Donald Trump’s announcement of 100% tariffs on Chinese imports – a move that rattled global markets. The crypto fallout was severe: Bitcoin plunged оver 10% to nearly $100,000, Ethereum dropped over 20%, and at least $20 billion in positions were liquidated, marking the largest wipeout in crypto’s history.
Though prices have partly stabilized – with Bitcoin hovering near $111,000 and Ethereum around $4,000 – the damage to liquidity and sentiment remains. Analysts at K33 Research note that the market is now in a “healing phase,” with thin liquidity and restrained positioning likely to persist until confidence returns.
Still, some see the turbulence as a potential turning point. Historically, major deleveraging events have often preceded periods of accumulation and recovery once volatility settles.

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