Almost 1 billion leaves Bitcoin and Ether ETFs in one day
20:10 ▪ 6 min read ▪ by Luc Jose A.
Get informed ▪ Bitcoin (BTC)
Crypto ETFs are going through their strongest turbulence zone in weeks. In a single session, nearly one billion dollars were withdrawn from funds backed by Bitcoin and Ether, in a weakened market context. This wave of withdrawals, which coincides with a clear drop in prices, reveals a shift in investor sentiment. While the two main assets falter, the confidence of institutional investors also seems to show a setback.
In brief
Almost one billion dollars were withdrawn from Bitcoin and Ethereum-backed ETFs in just 24 hours.
This capital movement coincides with a marked price drop: -8.3% for Bitcoin and -10.8% for Ether.
Fidelity and Grayscale funds account for most of the withdrawals, while BlackRock holds steady.
Some analysts urge to put this into perspective, mentioning technical adjustments rather than a massive disengagement.
A black day for crypto funds
While crypto ETFs dominated launches in the United States, this Tuesday, August 19, stood out as one of the days most marked by withdrawals in the crypto funds universe. According to data from Farside Investors, Bitcoin and Ether-backed ETFs saw nearly one billion dollars evaporate in net outflows, an unprecedented level in several months.
This dynamic is part of a context of widespread price decline, where Bitcoin falls by 8.3% and Ethereum by 10.8% during the period. The Crypto Fear & Greed Index shifted from the “Greed” zone to “Fear,” with a score of 44 this Wednesday, confirming the notable cooling of market sentiment.
