Outflows from spot Bitcoin and Ethereum exchange-traded funds (ETFs) traded in the United States are accelerating. Total outflows from both assets have reached nearly $1 billion as institutional investors seek to reduce risk due to macroeconomic uncertainty.
The Spot Bitcoin ETF recorded daily net outflows of $708.7 million on Wednesday, according to data from SoSoValue. This figure was the highest daily outflow in the past two months.
The biggest outflow among Bitcoin ETFs was BlackRock’s IBIT fund with $356.6 million, while Fidelity’s FBTC fund also had a negative outflow of $287.7 million. Four other funds also reported negative flows on the same day.
The Ethereum ETF experienced total net outflows of $286.9 million. The majority of these outflows came from BlackRock’s ETHA fund, which incurred losses of $250.3 million. The other three Ethereum ETFs reported negative flows, with the exception of Grayscale’s Ethereum Mini Trust Fund, which had inflows of $10 million. Daily data for 21Shares funds is not yet available.
Rachel Lucas, a crypto analyst at BTC Markets, said the move was “classic risk-averse behavior” and emphasized that financial institutions temporarily move away from volatile assets during times of high uncertainty. Lucas said this was not a structural weakness, but rather an indication of careful positioning.
On the other hand, prices showed some recovery. Bitcoin and Ether briefly fell below $87,000 and $3,000, respectively, due to U.S.-EU tensions and fluctuations in Japan’s bond market, but the markets recovered after U.S. President Donald Trump announced in February that he would reach an agreement with NATO regarding Greenland and would not impose tariffs on the EU. Bitcoin is currently trading around $90,000, while Ether is at the $3,000 level.
Vincent Liu, chief investment officer (CIO) of Kronos Research, said that despite the negative macroeconomic outlook, cryptocurrencies have shown relative resilience. He also noted that the Spot Bitcoin ETF currently manages over $116 billion in assets and has received over $56 billion in net inflows since its inception.
Unlike Bitcoin and Ethereum, XRP Solana ETF recorded net inflows. XRP The fund had an inflow of $7.16 million, while the Solana fund recorded an inflow of $2.92 million. This indicates a rebalancing of investor interest among assets in the crypto market.
*This is not investment advice.
