Crypto ETF Shakeup: Bitcoin Bleeds $363M, Ethereum Sheds $76M in Major Outflows
Digital asset funds hit turbulence as institutional investors pull back from crypto ETFs.
Market Shifts Signal Short-Term Pressure
Bitcoin ETFs saw massive capital flight while Ethereum products followed suit. The $363 million Bitcoin outflow marks one of the largest single-day retreats this quarter. Ethereum's $76 million withdrawal compounds the sector-wide pressure.
Traders Rotate Positions Amid Volatility
Market makers rebalance exposure as regulatory uncertainty persists. The outflows suggest profit-taking after recent gains rather than fundamental weakness. Traditional finance veterans smirk about crypto's 'risk-on, risk-off' mood swings—apparently forgetting their own 2008 track record.
Long-Term Bull Case Remains Intact
Seasoned crypto investors view these pullbacks as healthy consolidation. The underlying technology continues advancing while institutional adoption grows. Temporary outflows create entry points for strategic accumulators.
On September 22, neither the spot Bitcoin ETF nor the ethereum ETFs recorded any inflows. Bitcoin ETFs saw a net outflow of $363 million, while Ethereum ETFs recorded $75.95 million, as reported by SoSoValue.
Bitcoin ETF Breakdown
Bitcoin ETFs recorded a total net outflow of $363.17 million, with Fidelity’s FBTC leading with $276.68 million. Ark & 21Shares followed with $52.30 million, while Grayscale GBTC withdrew $24.65 million. VanEck’s HOLD also made a small sale of $9.54 million.
Overall, the total trading value reached $3.43 billion with total net assets of $148.09 billion, indicating strong user activity with growing confidence in the asset. This represents 6.59% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs saw a $75.95 million in daily total net outflow. Fidelity FETH led with $33.12 million, as Bitwise ETHW and Grayscale ETH recorded outflows of $22.30 million and $5.4 million, respectively. BlackRock ETHA also withdrew $15.07 million. None of the nine ETFs recorded any inflow on Monday.
The total trading value of Ethereum ETFs reached $2.06 billion, signaling steady market activity and a robust industry position. Net assets came in at $27.52 billion, marking 5.45% of Ethereum’s market cap.
Market Context
Bitcoin is trading at $112,890, signalling a 2.2% drop compared to a week ago. Its market cap has reached $2.249 trillion, which also dipped this week. Its daily trading volume has crossed $67.205 billion, showing impressive progress there. Ethereum is priced at $4,192.30, with a market cap of $506.155 billion. Its trading volume has jumped to $46.192 billion, reflecting renewed confidence in investors.
Both assets continue to benefit from the growing institutional interest in the ETFs. Besides that, the recent interest rate cuts have also led the traders to reposition towards riskier assets, resulting in increased activity in cryptocurrency.
