Bitcoin and Ethereum ETFs Bleed $291.28 Million in Friday Red Tide

ETF Exodus Caps a Bruising Week

Statistics gathered from sosovalue.com show U.S. ethereum-focused ETFs logged $164.64 million in net withdrawals to finish the week. The day’s biggest pullbacks came from the Grayscale Ethereum Mini Trust ( ETH, NYSE) at $61.30 million, the Fidelity Ethereum ETF (FETH, Cboe) at $51.02 million, and the Grayscale Ethereum Trust ETF (ETHE, NYSE) with a $28.64 million drawdown.

Bitwise Ethereum ETF (ETHW, NYSE) also shed $23.68 million. The remaining five funds ended the session flat with zero net flows. Despite Friday’s bleed, since Jul. 2024 the nine ether ETFs have amassed $13.51 billion in cumulative net inflows. They now hold about $28.58 billion in ETH—roughly 6.5 million coins—equal to 5.48% of the No. 2 crypto asset’s $529 billion market cap.

U.S. bitcoin ETFs recorded $126.64 million in net outflows during yesterday’s trade, according to sosovalue.com data. The heaviest hit was a $72.07 million exit from Ark 21shares’ ARKB, trailed by a $66.20 million pullback at Fidelity’s FBTC. Blackrock’s IBIT bucked the tape with a $24.63 million inflow. Since Jan. 11, 2024, IBIT has accumulated a record $58.31 billion in net inflows.

Grayscale’s GBTC logged a $15.30 million outflow, while Wisdomtree’s BTCW picked up a $2.30 million inflow. The other funds were unchanged with zero net flow. That group includes Grayscale’s Bitcoin Mini Trust, Bitwise’s BITB, Vaneck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, Franklin’s EZBC, and Hashdex’s DEFI. The 12 BTC ETFs have taken in $54.24 billion cumulatively since launch.

Together, the 12 products hold about $139.95 billion in BTC, roughly 1.28 million coins. That stash equals 6.52% of bitcoin’s $2.16 trillion market value. Even after a tough day with $291.28 million in net outflows, U.S. bitcoin and ether ETFs still rest on sizable cumulative inflows.