Bitcoin exchange-traded funds (ETFs) recorded another wave of investor redemptions on September 25, with $258.4 million in net outflows, according to SoSoValue.
The withdrawals come just a day after the products staged a strong rebound, showing continued volatility in institutional flows.
Bitcoin ETFs Fall to $144B Amid ETH Losing Over $500 Million in 4 days
BlackRock’s iShares Bitcoin Trust (IBIT) was the only bright spot, attracting $79.7 million in fresh inflows. IBIT remains the market leader, with $84.35 billion in net assets and cumulative inflows of $60.86 billion.
Bitcoin ETFs Inflow Chart September 25 Source: SoSoValue
However, other major issuers saw heavy withdrawals. Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted the sharpest single-day decline, losing $114.8 million.
Grayscale’s GBTC recorded $42.9 million in outflows, while Ark Invest and 21Shares’ ARKB shed $63.05 million.
Bitwise’s BITB lost $80.5 million, and VanEck’s HODL fell by $10.1 million. Valkyrie’s BRRR also saw smaller redemptions of $4.9 million.
In total, Bitcoin spot ETFs now hold $144.3 billion in assets, representing 6.64% of the cryptocurrency’s market capitalization.
Historical cumulative inflows stand at $57.2 billion, with total trading volume on September 25 reaching $5.42 billion. Ethereum products, meanwhile, extended their losing streak for a fourth consecutive day.
Ethereum spot ETFs reported $251.2 million in net outflows on September 25, bringing cumulative inflows to $13.37 billion and total assets under management to $25.6 billion, or 5.46% of ETH’s market cap.
Ethereum ETF Inflow Chart September 25 Source: SoSoValue
Fidelity’s FETH again led the declines, with $158.1 million in outflows. Grayscale’s ETHE lost $30.3 million, its ETH fund saw $26.1 million in redemptions, and Bitwise’s ETHW shed $27.6 million.
Smaller withdrawals were also recorded from VanEck’s ETHV, Franklin’s EZET, and 21Shares’ TETH. BlackRock’s ETHA remained flat on the day, reporting no significant flows.
The persistent selling follows a difficult stretch for ETH products, as it records over $500 million in outflows in the last 4 days. On September 24, Ethereum ETFs lost $79.4 million, with Fidelity, BlackRock, and Grayscale leading the declines.
A day earlier, September 23 saw $140.7 million in redemptions, while September 22 marked $76 million in outflows, largely driven by Fidelity’s FETH.
Bitcoin ETFs have also faced sharp swings over the past week. After losing $363 million on September 22 and $244 million on September 23, the products staged a rebound on September 24, posting $241 million in inflows led by BlackRock’s IBIT.
