Crypto ETF Exodus: Bitcoin and Ethereum Funds Shed $800 Million as ‘Extreme Fear’ Grips Market

Amid a wave of “extreme fear” in the digital asset market, US spot exchange-traded funds (ETFs) for Bitcoin and Ethereum witnessed a massive combined net outflow of $797 million on Tuesday, signaling a sharp pullback by institutional investors.

Data from SoSoValue reveals that spot Bitcoin ETFs bore the brunt of the selling, recording a net outflow of $577.74 million—the largest single-day withdrawal since August 1.

Fidelity’s FBTC led the decline with $356.6 million in outflows, followed by Ark & 21Shares’ ARKB at $128 million and Grayscale’s GBTC at $48.9 million. In total, seven different Bitcoin funds reported negative flows, extending a five-day outflow streak that has now reached a staggering $1.9 billion.

The downturn was not confined to Bitcoin. The newly launched spot Ethereum ETFs also faced significant pressure, posting net outflows of $219.37 million. BlackRock’s ETHA was the hardest hit with $111 million exiting the fund, while products from Grayscale and Fidelity also saw withdrawals.

In a contrasting bright spot, the recently debuted spot Solana ETFs managed net inflows of $14.83 million, though this marked their smallest daily intake since launching.