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Bitcoin and Ether ETFs Bleed Heavily With $509 Million Combined Outflow
Bitcoin ETFs swung back into the red with $258 million in outflows, while ether ETFs marked a fourth consecutive day of withdrawals with another $251 million. Heavy exits from Fidelity and Bitwise dominated the carnage.
ETF Pain Deepens: Bitcoin Funds See $258 Million Outflow, Ether Loses $251 Million
The crypto exchange-traded fund (ETF) markets are in damage-control mode this week. What started as a tug-of-war between inflows and outflows has tilted sharply to the downside, with both bitcoin and ether ETFs suffering heavy redemptions on Thursday, Sept. 25.
Bitcoin ETFs registered a $258.46 million outflow, breaking their short-lived rebound from Wednesday. Fidelity’s FBTC was the hardest hit with $114.81 million in exits, while Bitwise’s BITB and Ark 21Shares’ ARKB shed $80.52 million and $63.05 million, respectively.
Grayscale added to the slide, with its GBTC losing $42.90 million and its Bitcoin Mini Trust another $15.49 million. Vaneck’s HODL ($10.08 million), Franklin’s EZBC ($6.35 million), and Valkyrie’s BRRR ($4.96 million) all contributed with smaller redemptions. The lone bright spot was Blackrock’s IBIT, which drew in $79.70 million, but that wasn’t nearly enough to offset the rout. Total trading activity surged to $5.42 billion, with net assets falling to $144.35 billion.
Smaller but steady exits came from Franklin’s EZET ($2.98 million), 21Shares’ TETH ($2.36 million), Invesco’s QETH ($2.34 million), and Vaneck’s ETHV ($1.44 million). Total value traded stood at $3.31 billion, as net assets dropped to $25.59 billion.
With both bitcoin and ether ETFs now firmly in the red, sentiment remains fragile. Investors will be watching closely whether the selling pressure cools or if the week ends with yet another wave of redemptions.