Bitcoin ETFs Experience Significant Outflows Amid Market Shift
- Bitcoin ETFs saw a $148.69 million outflow on Wednesday, ending a nine-day inflow streak worth approximately $3 billion.
- Fidelity’s FBTC led the outflows with $125.58 million, followed by Bitwise’s BITB and Blackrock’s IBIT losing $13.63 million and $9.48 million, respectively.
- Ether ETFs recorded a second day of outflows, totaling $59.58 million, with Fidelity’s FETH and Grayscale’s Ether Mini Trust leading the withdrawals.
- Solana ETFs posted net outflows of $11.10 million, although some buyers remained active with Fidelity’s FSOL attracting $2.77 million.
- Bitwise’s NEAR ETF was the only major crypto ETF to record positive flows, bringing in $14.04 million.
The cryptocurrency market saw broad selling pressure affecting multiple ETFs, including those focused on Bitcoin and Ether, as institutional investors reduced exposure across various assets following a strong September rebound.
Despite the recent downturn in Bitcoin ETF inflows, analysts suggest that overall demand remains robust compared to previous months’ levels.
