Bitcoin and Ethereum Spot ETFs Continue to Withdraw: Hundreds of Millions of Dollars Withdrawn in Four Days!

Spot Bitcoin and spot Ethereum ETFs traded in the US recorded net outflows for the fourth consecutive day due to decreased investor risk appetite. According to data shared by SoSoValue, on June 23, a total of $114 million in net outflows occurred from spot Bitcoin ETFs and $82.35 million from spot Ethereum ETFs.

The most notable data point for Bitcoin ETFs today came from BlackRock’s IBIT fund, one of the sector’s largest. IBIT experienced a net outflow of approximately $182 million in a single day, reflecting investor profit-taking and risk reduction trends. Despite this, the fund’s historical total net inflow remains at $61.7 billion.

On the other hand, the ARKB fund, a partnership between Ark Invest and 21Shares, was the strongest performer of the day with a net inflow of $30.98 million. Fidelity’s FBTC fund also stood out positively, recording inflows of $23.04 million. FBTC’s total net inflow to date has exceeded $10.5 billion.

On the Ethereum side, BlackRock’s ETHA fund was the biggest loser of the day with a net outflow of $86.07 million. In contrast, Fidelity’s FETH fund managed to attract a net inflow of $15.69 million. FETH’s total historical net inflows reached $2.12 billion, while ETHA’s total net inflows stood at $11.16 billion.

According to the data, the total net asset value of spot Bitcoin ETFs has reached $77.54 billion. This figure corresponds to approximately 6.19% of Bitcoin’s total market capitalization. The total net inflow recorded since the launch of spot Bitcoin ETFs is calculated at $53.22 billion.

The total net asset value of spot Ethereum ETFs stands at $8.96 billion. Ethereum ETFs account for 4.46% of the total market capitalization, while historical total net inflows have reached $11.03 billion.

Analysts note that the outflows over the past four days reflect a cautious stance among investors, and that ETF flows will remain a critical indicator for the direction of Bitcoin and Ethereum prices in the coming period.

*This is not investment advice.