Bitcoin & Ethereum ETFs Face $700B In Outflows

The U.S. point Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are undergoing a phase of high price volatility triggered by a sharp increase in fund redemptions, marking the second largest day of outflows in history for the two assets.

This follows a three-day run of $1.9 billion inflows for BTC ETFs and consistent inflows for ETH funds.First up it’s worth noting that the $1.9 billion inflow was also a sponsored presentation.

As reported by SoSoValue, Bitcoin ETF had outflows of $582.9 million on January 08, 2025, the estimated outflow marked the second loss the ETF has suffered since its inception in 11th January 2024,

The outflows were triggered in conjunction with losses suffered by Fidelity’s Wise Origin Bitcoin fund the aggregate net outflows suffered by FBTC amount to $258.69 million leading the cumulative net inflow to be reduced to $12.14 billion.

The withdrawal was facilitated in accordance with the INCa data set which noted outflows of $148.3 million in ARKB. And for the most active by the cumulative inflow and total net assets management for the i shida investment isharesholde bitcoin trust ibit in connection with u.s.

While the total outflow was $124.05 million. The Outflow from Valkyrie’s Bitcoin Fund BRRR were smaller amounting to $14.1 million of outflows for Bitwise bitcoin ETF BITB can only be estimated at $11.26 million along with reporting from invescro galy bitcoin ETF btco received outflow from BITB at $11.26 million around $9.38 million.

During the same period, Grayscale Bitcoin Trust GBTC lost an estimated 8.94 million inflows, bringing total net outflows to about 21.58 billion. To wrap up, gbe bitcoin basically drains people out faster than templerstein digitardins held trust 817 million outflows.

According to SoSoValue statistics, Ethereum ETFs experienced outflows worth $159.34 million on January 8, 2024, sufficient to earn it the title of having the second most outflows since it’s launch on the last week of July 2024. From the aforementioned, FETH, a cryptocurrency in this case, took the most damage of $147.68 million in net outflows.

ETHE also saw similar changes amounting to net outflows of over $8 million extending their net loss to over $3 billion. Comparatively, other cryptocurrencies managed to fare better experiencing

A loss of only $3.4 million. Simply put, this period of volatility focuses on determining the market trends and investor behavior towards cryptocurrency ETFs.