Bitcoin ETFs recorded $812 million in net outflows, the second-largest single-day withdrawal in ETF trading history.
Fidelity’s FBTC led the outflows with $331 million as investor sentiment cooled amid market volatility.
Ethereum ETFs saw $152 million in outflows, ending a 20-day inflow streak as ETH prices dropped more than 6%.
Spot Bitcoin ETFs saw a net outflow of $812 million on August 1, marking the second-largest single-day withdrawal ever. Fidelity’s FBTC led the day’s exits, with Ethereum ETFs also reversing their recent streak of inflows.
Fidelity’s FBTC Leads the Largest Bitcoin ETF Outflows
On August 1, As per Sosovalue data, spot Bitcoin ETFs experienced a net outflow of $812 million. This withdrawal marks the second-largest in the category’s trading history. Fidelity’s Bitcoin ETF (FBTC) saw a $331 million net outflow, making it the most affected fund.
Source: Soso value
Other ETFs, such as Ark Invest’s ARKB and Grayscale’s GBTC, also witnessed significant outflows. This comes at a time of rising market volatility and sliding prices for Bitcoin. The cryptocurrency has tested critical support levels in recent days, compelling most institutional investors to scale back exposure.
The movement reflects growing market caution. Investors appear to be locking in gains following earlier rallies, with many funds retreating from risk assets in response to broader macroeconomic signals.
Ethereum ETFs Break 20-Day Inflow Streak
Spot Ethereum ETFs also saw considerable activity. On the same day, net outflows across Ethereum ETFs reached $152 million, ending a 20-day streak of consistent inflows. Grayscale’s ETHE and BlackRock’s ETHA saw the largest withdrawals.
Source: Soso Value
This marks a reversal in sentiment, as Ethereum’s performance had been steadily improving. ETH prices fell by over 6% as outflows continued across the board. The streak-ending move underlines investor sensitivity to market corrections.
BlackRock’s ETHA, a recent entrant to the spot ETF market, paused its inflows amid increasing sell pressure. The market reaction suggests Ethereum’s recent bullish trend is being tested for the first time in weeks.
Broader Market Forces and Institutional Hesitancy
Several market forces contributed to the latest ETF movements. Profit-taking, regulatory delays, and Federal Reserve signals pointing to tighter policy have all weighed on institutional confidence.
Rotations out of crypto ETFs show a broader shift in risk appetite. Capital appears to be moving out of speculative assets as traders reassess their positions. Both Bitcoin and Ethereum now face added volatility if ETF inflows do not resume soon.
Ongoing competition among ETF issuers may also be contributing to short-term redemptions. The market remains in a watchful state as technical levels come under pressure.
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