Outflows from spot Bitcoin and Ethereum exchange-traded funds (ETFs) traded in the US have accelerated. As institutional investors seek to reduce risk due to macroeconomic uncertainties, the total outflow from the two assets has reached nearly $1 billion.
According to SoSoValue data, spot Bitcoin ETFs recorded a net daily outflow of $708.7 million on Wednesday. This figure marked the highest single-day outflow in the last two months.
The largest outflow among Bitcoin ETFs was seen in BlackRock’s IBIT fund, with $356.6 million, while Fidelity’s FBTC fund also saw a negative outflow of $287.7 million. Four other funds also reported negative flows on the same day.
Ethereum ETFs experienced a total net outflow of $286.9 million. The majority of these outflows came from BlackRock’s ETHA fund, which saw a loss of $250.3 million. Three other Ethereum ETFs reported negative flows, with Grayscale’s Ethereum Mini Trust fund being an exception with a $10 million inflow. Daily data for 21Shares’ fund is not yet available.
BTC Markets crypto analyst Rachael Lucas stated that these movements are “classic risk-aversion behavior,” emphasizing that institutions temporarily move away from highly volatile assets during periods of uncertainty. According to Lucas, this indicates cautious position adjustments, not a structural weakness.
On the other hand, a partial recovery was observed in prices. Although Bitcoin and Ether briefly fell below $87,000 and $3,000 respectively due to tensions between the US and the EU and fluctuations in the Japanese bond market, the market recovered after US President Donald Trump announced that an agreement had been reached with NATO regarding Greenland and that he would not impose tariffs on the EU in February. Bitcoin is currently trading around $90,000, while Ether is at the $3,000 level.
Vincent Liu, CIO of Kronos Research, stated that crypto has shown relative resilience despite the negative macroeconomic outlook. He also noted that spot Bitcoin ETFs currently manage over $116 billion in assets and have received over $56 billion in net inflows since their launch.
Unlike Bitcoin and Ethereum, $XRP and Solana ETFs experienced net inflows. $XRP funds saw inflows of $7.16 million, while Solana funds recorded inflows of $2.92 million. This indicates a rebalancing of investor interest among assets in the crypto market.
*This is not investment advice.
