Bitcoin and Ethereum Spot ETFs Face $504.6 Million Outflow in a Single Day

The cryptocurrency market has encountered substantial volatility, with Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) enduring a massive combined outflow of $504.6 million (approximately 712.5 billion won) in a single trading session. This major selloff underscores the ongoing turbulence within the digital asset ecosystem.

Bitcoin Spot ETFs Witness Sharp Outflows

On October 25, Bitcoin spot ETFs experienced a net outflow of $253.4 million (roughly 357.8 billion won), reversing the modest net inflows seen just a day earlier. This dramatic swing highlights the fragile investor sentiment surrounding Bitcoin amidst market uncertainties.

Fund-Specific Bitcoin Outflows

A detailed breakdown of the outflows across prominent Bitcoin ETFs reveals the widespread nature of investor withdrawals:

• Fidelity FBTC: Outflow of $114.8 million (approximately 162.1 billion won)
• Bitwise BITB: Outflow of $80.5 million (approximately 113.7 billion won)
• Grayscale GBTC: Outflow of $42.9 million (approximately 60.6 billion won)
• Grayscale BTC: Outflow of $15.5 million (approximately 21.9 billion won)
• VanEck HODL: Outflow of $10.1 million (approximately 14.3 billion won)
• Franklin Templeton EZBC: Outflow of $63.0 million (approximately 89.0 billion won)

While these funds bore the brunt of investor selloffs, three other Bitcoin-focused ETFs reported negligible changes, maintaining neutral fund flow levels during this period.

Ethereum Spot ETFs Extend Losing Streak

Ethereum ETFs also faced significant redemptions, mirroring Bitcoin’s turbulence. On the same day, Ethereum dropped below the $4,000 mark, coinciding with net outflows of $251.2 million (approximately 354.7 billion won). This extends the Ethereum ETFs' net outflow trend to four consecutive days, dating back to October 22.

Breakdown of Ethereum ETF Outflows

Investor withdrawals hit several Ethereum-focused funds hardest, collectively signaling diminishing confidence in the crypto market:

• Fidelity FETH: Outflow of $158.1 million (approximately 223.2 billion won)
• Grayscale ETHE: Outflow of $30.3 million (approximately 42.8 billion won)
• Bitwise ETHW: Outflow of $27.6 million (approximately 39.0 billion won)
• Grayscale ETH: Outflow of $26.1 million (approximately 36.9 billion won)

Implications of the Outflow Trend

These combined outflows from Bitcoin and Ethereum ETFs reflect mounting investor caution amid ongoing volatility in the cryptocurrency market. As the digital asset ecosystem continues to weather regulatory scrutiny and macroeconomic pressures, the rapid shifts in ETF flows highlight the precarious balance of investor sentiment.

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