Bitcoin exchange-traded funds (ETFs) recorded $812 million in net outflows on Friday, according to SoSoValue data. This marks the second-largest single-day outflow since U.S. spot Bitcoin ETFs launched in January. On the same day, Ethereum ETFs ended a 20-day streak of inflows, logging $152 million in net losses.
Bitcoin ETFs Post $812 Million Outflows
Spot Bitcoin ETFs experienced a sharp $812.25 million withdrawal, reversing gains seen earlier in the week. This outflow reduced cumulative net inflows to $54.18 billion. Total assets under management for the sector now stand at $146.48 billion, representing 6.46% of Bitcoin’s market capitalization.
Fidelity’s FBTC was the largest contributor to the outflows, with $331.42 million in redemptions. ARK Invest’s ARKB followed closely with $327.93 million in net losses. Grayscale’s GBTC also saw $66.79 million withdrawn. BlackRock’s IBIT posted a smaller outflow of $2.58 million, despite maintaining the highest daily volume.
Trading volume remained strong across all spot Bitcoin ETFs. IBIT recorded $4.54 billion in volume out of a total $6.13 billion traded that day. The figures indicate sustained investor activity despite the large redemptions.
Ether ETFs End Longest Inflow Streak With $152M Losses
Ethereum ETFs ended their longest recorded streak of inflows after 20 trading days. Net outflows totaled $152.26 million, cutting short the recent positive momentum. The sector now manages $20.11 billion in assets, equivalent to 4.70% of Ethereum’s market capitalization.
Grayscale’s ETHE recorded the largest outflow at $47.68 million. Bitwise’s ETHW followed with $40.30 million in losses. Fidelity’s FETH posted $6.17 million in redemptions. BlackRock’s ETHA remained flat, reporting no changes in daily inflows or outflows.
Total trading volume across Ethereum ETFs reached $2.26 billion. Grayscale led the activity with $288.96 million in trades. This comes just weeks after July 16 and 17 saw record-breaking inflows of $726.74 million and $602.02 million, respectively.
Institutional Interest in Ether Accelerates
Standard Chartered reported that corporate investors have been acquiring Ether at twice the rate of Bitcoin since June. According to the bank, crypto treasury firms now hold about 1% of Ethereum’s total circulating supply.
The report connects this increase in institutional demand to consistent inflows into Ether ETFs. It also noted that staking and decentralized finance (DeFi) use cases are attracting more corporate capital. The bank projects that treasury holdings of ETH could eventually reach 10% of the total supply.
The report also noted that Ether’s market performance aligns with the current accumulation trend. Ethereum crossed $3,480 on Friday, maintaining momentum despite ETF outflows.
Investor Sentiment Mixed as ETF Activity Diverges
The sudden spike and fall in the activity of ETFs is an indicator of conflicted sentiment in the crypto investment market. Although Bitcoin ETFs registered the second-largest daily outflows, Ethereum ETFs ended a series of three daily inflows so far this week.
Analysts regard profit-taking, market volatility, and institutional rebalancing as factors that might have contributed to the withdrawals. Meanwhile, the volumes are very high in both BTC and ETH products, which indicates that investors are still active.
According to SoSoValue, total ETF flows are likely to fluctuate further as market conditions evolve. Investors are advised to monitor institutional trends and ETF disclosures before making decisions.
[…] reports, in August alone, Ethereum ETFs posted $3.87 billion in net inflows. Over the same period Bitcoin ETFs recorded $751.12 million in net […]