Bitcoin and Ether ETFs Face Major Outflows as Altcoin Demand Remains Selective
- Bitcoin ETFs experienced $733.43 million in net outflows, marking the eighth consecutive day of withdrawals.
- Blackrock’s IBIT ETF alone accounted for $527.84 million of the bitcoin outflows, its second-largest single-day outflow since launch.
- Ether ETFs posted $67.15 million in net outflows, extending their losing streak to twelve days.
- Blackrock’s ETHA led ether ETF outflows with a $65.10 million exit.
- Altcoins like HYPE and solana saw gains of $3.40 million and $557K respectively, indicating selective demand.
The recent trend shows a significant withdrawal from major crypto ETFs, with both bitcoin and ether products experiencing substantial outflows totaling over $800 million combined. This suggests investors are rebalancing portfolios away from high-risk assets amid uncertain market conditions.
Despite the large-scale withdrawals from major cryptocurrency ETFs, smaller altcoin funds like HYPE and solana managed to attract modest inflows, highlighting a selective interest among investors in alternative digital assets while reducing exposure to more established ones.
