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Cryptocurrency News Articles

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are setting for a fourth straight week of outflows as investors continue to pull back

Mar 05, 2025 at 05:47 pm

After three straight weeks of outflows totaling nearly $4 billion, BTC funds remain on track for a fourth week of exits, though at a slower pace than last week's $2.61 billion drain.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are setting for a fourth straight week of outflows as investors continue to pull back

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are set for a fourth straight week of outflows as investors continue to pull back.

According to SoSoValue, Bitcoin ETFs faced another day of losses, recording $143.43 million in net outflows on Friday.

After three weeks of outflows totaling nearly $4 billion, BTC funds are remaining on track for a fourth week of exits, albeit at a slower pace than last week’s $2.61 billion drain.

Only Grayscale's Bitcoin Mini Trust (OTCMKTS:GBIM) brought in any gains, with a modest $35.77 million.

Launched six months after other funds, the fund has performed well, attracting $1.09 billion in cumulative net inflows.

Leading the outflows, Fidelity's Wise Origin Bitcoin Fund (FBTC) shed $46.08 million. Despite the setback, it remains the second-best performer by cumulative inflows and net assets, standing at $11.72 billion and $17.59 billion, respectively.

ARK 21Shares Bitcoin ETF (ARKB) posted $43.92 million in net outflows, while Franklin Templeton's Digital Holdings Trust (EZBC) followed with $35.71 million in exits.

Among smaller losses, Bitwise Bitcoin ETF (BITB) saw $23.96 million in outflows, Invesco Galaxy Bitcoin ETF (BTCO) lost $16.47 million, and WisdomTree Bitcoin Trust (BTCW) recorded $13.07 million in exits.

Ethereum ETFs break outflow streak with $14.58 million in net inflows

In a reversal of recent trends, Ethereum ETFs broke an eight-day outflow streak on Friday, recording $14.58 million in net inflows, according to SoSoValue.

ETH funds have been modestly outperforming BTC funds in recent weeks.

Leading the inflows, Fidelity's FETH added $21.67 million. With $1.51 billion in cumulative net inflows, FETH ranks second overall and fourth by net assets at $980.71 million.

Grayscale Ethereum Trust (ETHE) also ended a prolonged outflow streak, marking just its fourth-ever day of net inflows with $10.71 million. However, it remains the worst-performing Ethereum ETF, with $4.06 billion in cumulative net outflows.

Meanwhile, Grayscale Ethereum Mini Trust posted $8.46 million in inflows, its first notable gain after a month of negligible or negative flows.

BlackRock's iShares Ethereum Trust (ETHA), the top performer by cumulative net inflows and assets, continued its losing streak with $26.27 million in net outflows.

ETHA has not seen a day of inflows since February 13, tallying $216.42 million in net outflows over that period.

Despite this, it remains dominant, with $4.23 billion in cumulative net inflows and $2.76 billion in net assets.

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Other articles published on Apr 12, 2025