Spot Bitcoin ETFs Bleed $812M for Second-Largest One-Day Outflow
Spot Bitcoin ETFs dem institutions investors don redeem over $812 million last Friday, wey mark di second biggest one-day outflow for history. Dis withdrawal clear like one week worth net inflows, reduce di total inflows to $54 billion, and bring all spot Bitcoin ETFs assets under management (AUM) to $146.48 billion—just 6.46% of Bitcoin market cap.
Fidelity FBTC and ARK ARKB lead di sell-off wit $331 million and $327.9 million redemption respectively. Grayscale GBTC record $67 million outflows, while BlackRock IBIT see small $2.58 million pull-back. Even wit dis, trading volumes still strong: all spot Bitcoin ETFs trade total $6.13 billion, wit IBIT alone standing for $4.5 billion, show say investors dey reposition rather than waka from market.
Meanwhile, spot Ethereum ETFs end 20-day inflow streak, register $152 million outflows. Grayscale ETHE lead wit $47.7 million redeemed, follow by Bitwise ETHW $40.3 million, Fidelity FETH $6.2 million. BlackRock ETHA hold steady wit $10.71 billion AUM. Total daily trading for Ether ETFs reach $2.26 billion, bring combined Ether ETF AUM to $20 billion (4.7% of Ethereum market cap).
Dis changes show how institution dem dey plan inside crypto ETFs, highlight say market liquidity still dey and trading dey active despite big outflows.
Neutral
Even though $812 million dey flow commot from spot Bitcoin ETFs na big mata, the record trading volume of $6.13 billion show say investors just dey rebalance their posisi but no dey comot from the market. Similar big outflows before dey followed by stable recovery as institutions dey shift between ETF products, futures and other crypto instruments. Short-term volatility fit increase as funds redistribute, but sustained liquidity and ongoing interest mean say e no go too affect long-term market direction.