Bitcoin and Ethereum ETFs Continue Their Exodus Series! Here’s the Latest Data

Selling pressure continues in US-based spot cryptocurrency ETFs. According to SoSoValue data, a total net outflow of $331 million occurred in spot Bitcoin ETFs. This marks the third consecutive day of negative capital flow in Bitcoin ETFs.

The biggest outflow of the day was seen in BlackRock’s Bitcoin ETF IBIT, one of the world’s largest asset management companies, with a gain of $326 million. Despite this, the fund’s historical total net inflow remains above $65 billion. The second highest daily outflow was in Valkyrie’s BRRR fund, with a gain of $3.79 million.

According to the data, the total net asset value of US spot Bitcoin ETFs stands at $100.28 billion. This figure represents approximately 6.5% of Bitcoin’s total market capitalization. The total cumulative net inflow since the launch of spot Bitcoin ETFs has reached $57.36 billion.

Selling pressure was also noticeable on the Ethereum side. Spot Ethereum ETFs experienced a net outflow of $62.2 million on the same day, marking the seventh consecutive trading day of negative flow.

The only Ethereum ETF to show positive performance was Bitwise’s ETHW ETF, with inflows of $756,000. In contrast, BlackRock’s ETHA fund experienced the biggest loss of the day, with outflows of $59.36 million.

The total net asset value of US spot Ethereum ETFs stands at $12.14 billion, representing 4.75% of Ethereum’s total market capitalization. The total net inflow into Ethereum ETFs to date is calculated at $11.68 billion.

Analysts say ETF outflows are linked to increasing macroeconomic uncertainty, rising bond yields, and a decline in investors’ short-term risk appetite. However, they note that long-term institutional interest has not completely disappeared and the market continues to search for a new equilibrium.

*This is not investment advice.

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