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Spot Bitcoin and Ethereum ETFs traded in the U.S. traded in opposite directions on Wednesday. As investors remain cautious following last week’s historic market crash, Bitcoin ETFs saw $104.1 million in outflows and Ethereum funds saw $169.6 million in inflows.
$104 Million Outflow from Bitcoin ETFs, $170 Million Inflow into Ethereum Funds
On the Bitcoin front, Grayscale’s GBTC fund saw the biggest outflow, recording a net outflow of $82.9 million. Invesco’s BTCO fund lost $11.1 million, and BlackRock’s IBIT fund lost $10.1 million. Other Bitcoin ETFs saw no movement.
In contrast, Ethereum ETFs saw strong inflows. BlackRock’s ETHA fund saw $164.3 million inflows, Bitwise’s ETHW fund $12.3 million, and Fidelity’s FETH fund $1 million. 21Shares’ CETH fund alone saw an outflow of $8 million.
In the last five days, Bitcoin ETFs had a total net outflow of $332.3 million, while Ethereum ETFs had a net outflow of $197.6 million.
The volatility in the markets began last Friday when former US President Donald Trump announced that 100% tariffs would be imposed on Chinese goods.
Following this development, Bitcoin briefly fell by 15% to the $100,000 level, while Ethereum fell by more than 20%.
Analysts note that the market is currently struggling to recover amidst weak liquidity. “This liquidity squeeze following forced sell-offs could lead to a recession in the short term,” said Vetle Lunde, Head of Research at K33 Research. “However, such periods often mark the beginning of long-term recoveries.”
*This is not investment advice.
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