Bitcoin and Ethereum exchange-traded funds faced heavy selling pressure on Friday, wiping out recent gains and signaling a sharp change in sentiment after weeks of steady inflows.
Data from Farside Investors shows that spot Bitcoin ETFs lost a combined $812.25 million in a single day—the second-largest outflow in their history. The withdrawals dragged total net inflows back to $54.18 billion and cut assets under management to $146.48 billion, representing just over 6% of Bitcoin’s market value.
Fidelity’s FBTC and ARK Invest’s ARKB absorbed most of the damage, shedding more than $659 million between them, while Grayscale’s GBTC and BlackRock’s IBIT saw smaller reductions. Despite the redemptions, activity stayed robust, with over $6 billion in trading volume recorded, most of it concentrated in IBIT.
Ethereum products also saw their momentum break. After 20 straight days of inflows—their longest winning streak yet—spot ETH ETFs posted $152.26 million in outflows.
This pullback lowered their total assets to $20.11 billion, or 4.7% of Ethereum’s market cap. Grayscale’s ETHE, Bitwise’s ETHW, and Fidelity’s FETH all saw losses, while BlackRock’s ETHA held steady.
The shift comes just days after mid-July’s record-setting inflows for Ether ETFs, when investors poured in more than $1.3 billion over two consecutive sessions. The sudden reversal underscores how quickly sentiment can swing in the ETF market, even after periods of strong demand.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/spot-bitcoin-etfs-record-second-largest-daily-withdrawal-in-history/