Bitcoin (BTC) and Ethereum (ETH) ETF outflows near $1 billion, with prices declining simultaneously.

CN
5 hours ago

On Tuesday, the losses in cryptocurrency investment products widened, with BTC fund outflows surging over 300% and ETH losses doubling, both marking the second-largest capital outflow this month.

According to data from Farside Investors, on Tuesday, spot BTC exchange-traded funds (ETFs) experienced outflows of $523 million, more than quadrupling from Monday.

ETH ETFs also faced significant losses, with outflows jumping from $200 million on Monday to $422 million.

Data from CoinGecko shows that BTC and ETH funds have seen outflows for three consecutive days, totaling $1.3 billion. Meanwhile, since last Wednesday, the prices of both have significantly retraced by 8.3% and 10.8%, respectively.

Fidelity's Bitcoin fund FBTC saw outflows of $247 million, while the Ethereum fund FETH experienced outflows of $156 million, totaling $403 million in daily outflows.

Grayscale Investments also experienced large-scale outflows, with the Grayscale Bitcoin Trust ETF GBTC reporting outflows of $116 million, and its Ethereum Trust ETHE seeing outflows of $122 million.

In stark contrast, BlackRock's iShares Bitcoin Trust ETF IBIT did not experience any outflows, while the iShares Ethereum Trust ETF ETHA only saw a minor outflow of $6 million.

Although the outflows over these three days pale in comparison to the record inflows into BTC and ETH funds in 2025, these losses signify a notable shift in investor sentiment amid falling prices.

On Wednesday, the cryptocurrency fear and greed index—a tool that tracks overall sentiment in the crypto market—shifted into the "fear" zone, with a reading of 44. This change comes after a prolonged period of optimism, indicating that investors are becoming increasingly cautious.

Despite numerous social media commentators expressing concern over the recent outflows, leading ETF analysts in the industry have yet to comment on these losses, making it potentially premature to draw conclusions at this time.

21Rates consultant Ryan Park noted on the X platform: "Just a few days of ETF outflows do not mean traditional finance is abandoning cryptocurrency—it's merely a reflection of people using a convenient way to buy and sell BTC, indicating that the market is still active and newcomers are still making mistakes."

Bloomberg senior ETF analyst Eric Balchunas emphasized on the X platform on Monday that as investors increasingly shift from BTC ETFs to ETH ETFs, the ETH ETF has made BTC the "second-best" choice among crypto assets in July.

"I fully agree with @fundstrat [Thomas Lee], and with stablecoin legislation, this provides ETH with excellent endorsements and killer applications," Balchunas stated.

He specifically mentioned BitMine, an emerging "ETH version of MicroStrategy," which appointed Fundstrat's Thomas Lee to lead its ETH treasury strategy in June.

Related: As Bitcoin (BTC) drops to $113,000, retail sentiment shifts from bullish to "extremely pessimistic."

Original article: “Bitcoin (BTC) and Ethereum (ETH) ETF outflows near $1 billion, prices decline simultaneously”

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