In a single day, spot Bitcoin ETFs lost $812.25 million, marking the second-largest outflow in their history. This incident has a significant impact on overall asset volume and market momentum.
Overall Losses from Spot Bitcoin ETFs
Spot Bitcoin ETFs lost $812.25 million in one day, which is the second-largest outflow in their history. This drop has brought total net inflows back to $54.18 billion and cut assets under management to $146.48 billion, representing just over 6% of Bitcoin’s market value.
Impact on Bitcoin and Ethereum
According to reports from Fidelity and ARK Invest, most of the losses were absorbed by FBTC and ARKB, shedding more than $659 million combined. Simultaneously, Grayscale’s and BlackRock’s products also saw smaller reductions. Spot Ethereum ETFs also faced outflows amounting to $152.26 million, lowering their total assets to $20.11 billion, or 4.7% of Ethereum’s market cap.
Market Outlook for ETFs
These outflows occurred just days after the record inflows for spot Ether ETFs, which saw investors pouring in more than $1.3 billion over two consecutive sessions. The sudden shift in sentiment in the ETF market highlights how quickly perceptions can change, even after periods of strong demand.
The decline in assets within spot ETFs for Bitcoin and Ethereum highlights the volatility present in this market segment and the significance of monitoring changes in investor sentiment.
