Spot BTC and ETH ETFs in the U.S. record six-day outflow streak

￰0￱ Bitcoin ETFs recorded a net outflow of $137 million on Wednesday, marking six consecutive days of net ￰1￱ Ethereum ETFs also experienced their sixth consecutive day of outflows, with a net outflow of approximately $119 ￰2￱ contrast, Solana ETFs recorded a net inflow of $9.7 million for the day. Bitwise’s Solana fund (BSOL) led with $7.5 million in inflows, followed by Grayscale’s SOL ETF (GSOL) with $2.2 million. Bitcoin’s price slips amid outflows from BTC ETFs BlackRock’s iShares Bitcoin ETF (IBIT) was the only BTC fund to record outflows, with a net outflow of more than $375.5 million. Fidelity’s FBTC recorded inflows of about $113.3 million, followed by Ark Investment’s BTC ETF, with a total of $82.9 million.

Bitwise’s Bitcoin ETF and Grayscale’s BTC ETF both recorded inflows of about $17 million and $21.6 million, ￰3￱ spot ETFs experienced outflows of $119 million, led by BlackRock’s Ethereum ETF (ETHA), which saw outflows of $146.6 million. Grayscale’s ETH fund recorded a net inflow of $24.1 million, followed by Fidelity’s ETH fund (FETH) with a total of $3.5 million in ￰4￱ the time of publication, on-chain data shows the total net asset value of Bitcoin spot ETFs was $139.147 ￰5￱ net asset ratio of ETFs also hit 6.72%, with the cumulative historical net inflow surpassing $60.285 billion. “We said Bitcoin ETFs would grow via two steps fwd and one step back, and rn it is back step ￰6￱ can see this pattern in IBIT’s ￰7￱ anything, we due a few steps back given all the steps ￰8￱ of process ￰9￱ a small child would expect green all day every day.” – Eric Balchunas , Senior ETF Analyst at Bloomberg ￰10￱ to data from Farside, investors have withdrawn a total of $2.6 billion from ￰11￱ and Ethereum ETFs over the past seven ￰12￱ more than $1.9 billion that flowed out of BTC ETFs and $718.9 million cashed out of ETH funds since October 29 marks one of the largest redemption periods in the funds’ ￰13￱ billions poured into spot Bitcoin ETFs this year, which propelled Bitcoin’s price to record highs, the market has temporarily reversed ￰14￱ is currently exchanging hands more than 20% below its recent peak.

K33 Research reported that the average cost basis for a ￰15￱ Bitcoin ETF is approximately $89,613, representing an 11% discount to current ￰16￱ the time of publication, Bitcoin is trading at $103,080, up more than 1% in the last 24 ￰17￱ has also dropped 7.3% in the past 7 days and more than 16.6% in the last 30 ￰18￱ is trading around $3,381.50, up more than 2% in the last 24 hours. However, the digital asset has dropped by 7.5% in the past 7 days and more than 27.30% in the last 30 ￰19￱ is still struggling to trade near the record highs it reached in August of $4,946. Macro uncertainty causes massive outflows from ￰20￱ Bitcoin and Ethereum ETFs Financial advisor Ric Edelman, head of the Digital Assets Council of Financial Advisors, argued that despite the outflows, Bitcoin’s price hasn’t crashed because of the strong institutional inflows that are simultaneously ￰21￱ believes that it shows the continuing maturity of the asset ￰22￱ noted that investors have shifted away from crypto and other risk-on assets since October, amid growing macroeconomic ￰23￱ trade uncertainty between the ￰24￱ China, the current government shutdown, low market liquidity, and diminishing probability of a third ￰25￱ rate cut before the end of the ￰26￱ ETFs recorded their longest losing streak in February, with a net outflow of over $2.2 billion over eight consecutive ￰27￱ President’s tariff announcement caused a drawdown in investor interest from BTC ￰28￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.