Spot Bitcoin, Ether ETFs see heavy outflows as ‘institutional caution’ grows
Crypto markets dip as global macro pressures mount, with US-EU trade tensions and Japanese bond sell-offs fueling institutional caution.
Spot Bitcoin and Ether exchange-traded funds (ETFs) faced heavy outflows on Tuesday, as macroeconomic and geopolitical uncertainty continued to weigh on markets.
Spot Bitcoin (BTC) ETFs recorded $483.4 million in daily outflows, with the Grayscale Bitcoin Trust ETF (GBTC) leading the selling at $160.8 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) at $152 million, according to data from SoSoValue.
Spot Ether (ETH) ETFs posted $230 million in net outflows, ending a five-day streak of positive flows, with BlackRock’s ETHA seeing $92.3 million exit. Spot XRP (XRP) ETFs also registered their largest single-day outflow yet at $53.3 million, while Solana (SOL) ETFs bucked the trend with $3 million in net inflows.
