While Bitcoin (BTC) and altcoins experienced major declines, this situation was also reflected in spot Bitcoin and Ethereum ETFs.
Long-standing ETF inflows gave way to outflows in the face of declines, and yesterday there was an outflow of $671.8 million in US Bitcoin ETFs.
US spot Bitcoin ETFs saw their biggest net outflow since their launch on Dec. 19, data shows.
According to Farside Investors data, IBIT (BlackRock ETF), EZBC (Franklin Templeton ETF), and BRRR (Valkyrie ETF) experienced 0 inflows.
While FBTC (Fidelity ETF) became the ETF with the biggest outflow with $208.55 million, Fidelity was followed by BTC (Grayscale Mini ETF) with an outflow of $188.6 million.
BITB (Bitwise ETF) experienced an outflow of $43.6 million, ARKB (Ark Invest ETF) $108.3 million, BTCO (Invesco ETF) $25.9 million, HODL (VanEck ETF) $10.9 million, and GBTC (Grayscale ETF) $87.8 million.
In the face of these outflows, only BTCW (WisdomTree ETF) experienced a small inflow of $2 million.
Ethereum ETFs Also Dominate With Outflows!
Apart from Bitcoin, spot Ethereum ETFs also saw big outflows. According to the data, Ethereum ETFs also experienced an outflow of $60.5 million, despite strong inflows for a while.
Among Ethereum ETFs, Blackrock (ETHA), 21 Shares (CETH), and Franklin (EZET) experienced 0 inflows.
The Bitwise (ETHW) ETF saw an outflow of $6.8 million, the Invesco (QETH) ETF $2.4 million, the Grayscale (ETHE) ETF $58.1 million, and the Grayscale (ETH) $3.2 million.
In the face of these outflows, Fidelity (FETH) ETF experienced an inflow of $5.6 million and VanEck (ETHV) $4.9 million.
*This is not investment advice.
