Crypto ETF Selloff: Bitcoin Loses $327 Million, Ether Funds See $429 Million Exit
The streak of optimism in crypto exchange-traded funds (ETFs) hit a wall to start the week. After back-to-back inflow-heavy runs, both bitcoin and ether exchange-traded funds faced significant selling pressure on Monday, bleeding a combined $756 million.
Bitcoin ETFs recorded $326.52 million in net outflows, snapping their bullish run as investors took profits after two strong weeks. The losses were widespread, led by Grayscale’s GBTC, which saw $145.39 million in redemptions. Bitwise’s BITB followed closely with $115.64 million in exits, while Fidelity’s FBTC shed $93.28 million. Smaller outflows came from Ark 21Shares’ ARKB and Vaneck’s HODL, which lost $21.12 million and $11.44 million, respectively.
A lone bright spot came from Blackrock’s IBIT, which managed a $60.36 million inflow, cushioning the overall decline. Despite the setback, trading remained strong at $6.63 billion, with total net assets settling at $157.18 billion, still one of the highest levels on record.
Ether ETFs took a bigger hit, logging $428.52 million in outflows across seven funds. Blackrock’s ETHA bore the brunt with a massive $310.13 million exit, followed by Grayscale’s Ether Mini Trust with $49.67 million and ETHE with $20.99 million.
Outflows also spread to Fidelity’s FETH (-$19.12 million), Bitwise’s ETHW (-$12.80 million), Vaneck’s ETHV (-$9.34 million), and Franklin’s EZET (-$6.46 million). The total value traded stood at $2.82 billion, with ether ETF net assets closing at $28.75 billion.
After a roaring fortnight of inflows, Monday’s huge reversal was a reality check, a reminder that even in the crypto ETF boom, volatility still rules the game.
Why did bitcoin and ether ETFs see such large outflows this week?
Investors likely took profits after two strong weeks of inflows, triggering broad selloffs across major crypto ETFs.Which bitcoin ETF saw the biggest withdrawals?
Grayscale’s GBTC led the outflows with $145 million in redemptions, followed by Bitwise’s BITB and Fidelity’s FBTC.Did any crypto ETF record inflows despite the selloff?
Yes, Blackrock’s IBIT stood out with $60 million in new inflows, helping to soften the overall decline.How much did ether ETFs lose compared to bitcoin ETFs?
Ether ETFs saw $429 million in outflows, over $100 million more than bitcoin’s $327 million exit.
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