Bitcoin ETFs See Largest Outflows Since September

On Tuesday, U.S. spot Bitcoin ETFs saw a notable outflow of $242.53 million, marking the largest single-day withdrawal since early September. This movement halted an eight-day streak of positive inflows.

Fidelity’s FBTC led the way with $144.67 million in withdrawals, followed by Ark and 21Shares’ ARKB with $84.35 million, the biggest outflow since late August, according to Farside data.

Other significant outflows included Bitwise’s BITB at $32.7 million and VanEck’s Bitcoin ETF with $15.75 million. Even Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw a $5.9 million outflow.

BlackRock’s IBIT, however, bucked the trend with a $40.84 million inflow, making it the only ETF among the top 12 to record positive activity.

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Total trading volume for these ETFs rose to $2.53 billion, up from $1.37 billion the day before.

Ethereum ETFs also faced outflows, with $48.52 million leaving spot Ethereum ETFs. Grayscale’s Ethereum Trust experienced the largest outflow of $26.64 million, while Fidelity’s FETH saw its biggest withdrawal ever at $24.97 million.

Bitwise’s ETHW recorded smaller outflows, while VanEck’s ETHV and 21Shares’ CETH posted modest inflows of $2.74 million and $1.25 million, respectively. Four other spot Ethereum ETFs remained unchanged.

Alexander Stefanov