US Bitcoin and Ethereum ETF (exchange-traded fund) outflows collectively topped $470 million yesterday

Data from Farside Investors shows that the BTC funds recorded the largest outflows, with more than $415.1 million leaving the investment products

Bitcoin and Ethereum exchange-traded funds (ETFs) saw large outflows on Friday, with a total of $470 million being pulled from the investment products, the latest data shows.

The outflows come as both BTC and ETH prices saw slight decreases over the last 24 hours, with Bitcoin trading below the $93k mark and ETH seeing smaller losses.

Among the BTC ETFs, the largest outflows were seen from Fidelity’s FBTC, which recorded outflows of $154.6 million. This follows outflows of $208.6 million from the fund on Thursday. Grayscale’s GBTC also saw significant outflows of $134.5 million.

Other BTC ETFs that saw outflows include BlackRock’s IBIT, Bitwise’s BITB, Invesco’s ARKB and Grayscale’s BTC. The remaining US BTC ETFs saw no new outflows.

As for ETH ETFs, outflows were seen from 4 of the funds that are available to investors. Fidelity’s FETH saw the largest outflows among the ETH ETFs on Friday.

Grayscale’s ETHE and ETH also saw outflows of $17.4 million and $13.8 million, respectively. Franklin’s EZET also saw funds being pulled from its reserves.

Meanwhile, the rest of the ETH ETFs saw no new flows.

Elsewhere in the markets, crypto traders also saw over $281 million being liquidated in the last 24 hours, as leveraged longs took a hit.

According to data from CoinGlass, 24-hour liquidations reached $281.13 million, with longs accounting for the majority of the losses.

BTC longs saw the largest liquidations, with $78.94 million being wiped out. This was followed by ETH longs, which saw losses of $38.83 million.

The liquidations come after both ETH and BTC saw their prices drop over the last 24 hours. Bitcoin’s price saw a slim decrease to trade at $92,707.44 as of 2:15 a.m. EST.

Meanwhile, ETH’s price corrected more than 1% to trade at $812.66 at the time of writing.