Bitcoin and Ether ETFs See Concurrent Net Outflows with $350 Million Withdrawn

# Bitcoin ETFs Witness $410 Million Outflow in One Day, Indicating Market Sentiment Shift ## Fidelity, ARK, and Grayscale Face Major Withdrawals ## Ethereum ETFs Also See $67 Million Outflow as FETH and ETHE Decline Bitcoin(BTC) and Ethereum(ETH) spot exchange-traded funds (ETFs) experienced significant outflows totaling hundreds of millions, suggesting a shift in investor sentiment. Market analysts cite profit-taking and macroeconomic concerns as potential causes for this trend. Digital asset market analysis platform SosoValue reported that Bitcoin spot ETFs had an outflow of $294.77 million (approximately 412.1 billion won) as of the previous day. Ethereum spot ETFs similarly saw net outflows of $48.22 million (approximately 67.4 billion won). This amounts to over $350 million (approximately 490 billion won) exiting these products in just one day. ## Major Withdrawals from Key Bitcoin ETFs Fidelity’s FBTC led the exodus with $123.66 million (approximately 172.9 billion won) in outflows. ARK Invest and 21Shares' ARKB followed, shedding $132.05 million (approximately 184.6 billion won). Grayscale's GBTC also recorded $39.06 million (approximately 54.5 billion won) in net outflows. In contrast, Bitwise's BITB, VanEck’s HODL, and Valkyrie’s BRRR showed little significant movement in either direction. Bitcoin spot ETFs saw declining prices during this period. Key products like FBTC, GBTC, and IBIT all recorded declines of about 0.1%, while Hashdex's DEFI fell 0.42% to $116.95. ## Notable Outflows from Ethereum ETFs Ethereum ETFs also faced considerable outflows. Fidelity’s FETH saw $31.62 million (approximately 44.2 billion won) in withdrawals, while Grayscale’s ETHE recorded a net outflow of $16.6 million (approximately 23.2 billion won). Other Ethereum ETFs, such as Bitwise's ETHW, VanEck's ETHV, and 21Shares’ CETH, remained relatively stable with minimal flows. BlackRock's ETHA daily cash flow data is currently unavailable. Ethereum spot ETF prices dropped, with products like ETHE, FETH, and ETHW seeing declines of around 2% compared to the previous day. ## Persistent Long-Term Net Outflows for Grayscale Grayscale, a major player in the crypto ETF market, continues to face cumulative net outflows. GBTC has seen total outflows of $22.99 billion (approximately 31.99 trillion won), while ETHE has recorded cumulative net withdrawals of $4.033 billion (approximately 5.63 trillion won). This trend of substantial withdrawals highlights growing caution among investors. Factors like macroeconomic headwinds, profit-taking, or changing risk appetite may be contributing to this behavior. The ongoing fluctuations in ETF fund flows will likely serve as critical indicators for market sentiment in the near future.