Recent data reveals that spot bitcoin ( BTC) and ether ( ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million.
Massive Crypto ETF Exodus: $742M Vanishes Overnight
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Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction
On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in outflows. Fidelity’s FBTC led the declines, shedding $258.69 million, followed by Ark Invest and 21shares’ ARKB, which reported a $148.30 million loss.
Blackrock’s IBIT registered $124.05 million in outflows, while Valkyrie’s BRRR saw a more modest $14.10 million withdrawn. Smaller reductions were reported for Bitwise’s BITB, which lost $11.26 million; Invesco’s BTCO, with $9.38 million in outflows; and Grayscale’s GBTC, which saw $8.94 million withdrawn.
Franklin Templeton’s EZBC rounded out the list with $8.17 million in losses. These combined reductions lowered the total net inflows accumulated since Jan. 11, 2024, to $36.37 billion. Current figures from Sosovalue show that the 12 funds collectively hold $106.82 billion in BTC reserves.
For ether ETFs, the $159.34 million outflow was led by Fidelity’s FETH, which accounted for $147.68 million of the total. Grayscale’s ETHE followed with $8.26 million in reductions, while the company’s ETH Mini Trust recorded a $3.4 million decline.
These withdrawals have brought the cumulative net inflows collected since July 23 to $2.52 billion. Presently, the nine ether-focused funds manage $11.74 billion in ether reserves, representing 2.97% of the asset’s total market capitalization.
