Institutional Panic? Bitcoin & Ethereum ETFs Suffer Brutal Multi-Day Outflows

Pressure on the crypto market intensified Monday as U.S. spot Bitcoin and Ethereum ETFs recorded another heavy wave of outflows, extending a multi-day streak of institutional selling.

Combined, the products shed more than $437 million, signaling that larger investors remain firmly in risk-off mode.

Institutions Pull Back From BTC ETFs

Data from FarsideInvestors shows that Bitcoin ETFs accounted for the bulk of the withdrawals, losing $254.5 million in one day. BlackRock’s IBIT led the retreat with more than $145 million exiting the fund, while Grayscale, Fidelity, VanEck, Bitwise, and Ark 21Shares all posted additional redemptions.

The group has now recorded four straight days of net outflows, totaling nearly $1.9 billion – the sharpest sustained withdrawal period since mid-summer.

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Ethereum Funds See Even Steeper Pressure

Ether ETFs fared no better. Investors pulled out roughly $182.8 million on Monday, driven in large part by the $193 million removed from BlackRock’s ETHA. Fidelity also posted outflows, while small inflows into Grayscale’s ETH products provided only minor relief.
ETH ETFs have now endured five consecutive days of redemptions, with nearly $1 billion exiting over that span.

According to LVRG Research’s Nick Ruck, the exodus reflects growing caution across traditional markets: “Institutional desks are reacting to the macro backdrop – fiscal uncertainty, elevated rate expectations – and that’s weakening the store-of-value appeal that BTC and ETH usually command.”

Macro Stress Pushes BTC Under $90K

The prolonged U.S. government shutdown and disappearing hopes for a December rate cut have intensified the downturn across crypto. Late Monday, Bitcoin slid to just below $90,000, its lowest level since April, before recovering to around $91,253. Ethereum followed the same trajectory, trading near $3,056 after a 4% daily drop.

Ruck warned that if ETF outflows continue, both assets could face “additional price compression,” potentially dragging the broader altcoin market into deeper corrective territory.

Altcoin ETFs Defy the Trend

In contrast, newly launched altcoin ETFs saw inflows as traders rotated capital toward assets with clearer regulatory momentum.

• Canary’s spot XRP ETF drew $25.4 million in a single day, on top of a massive $243 million haul last Friday.
• Its Litecoin ETF picked up roughly $2 million.
• Spot Solana ETFs also attracted more than $8.2 million, with Bitwise’s BSOL and Grayscale’s GSOL capturing most of the demand.
• Two new Solana funds – Canary’s SOLC and Fidelity’s FSOL – are scheduled to go live Tuesday, a development analysts believe could further accelerate the shift toward altcoin exposure.

Ruck noted that the trend reflects early signs of “capital rotation into networks with regulatory clarity and stronger growth narratives,” adding that continued approval of altcoin ETFs may broaden this shift.