Crypto ETF markets faced another sharp wave of selling on Wednesday, with bitcoin funds posting their second straight day of heavy outflows and ether ETFs extending their losing streak to three sessions. Solana stood out as the lone area of strength, while XRP products remained inactive.
Investor sentiment deteriorated further across major crypto exchange-traded funds (ETFs) as institutional capital continued to rotate away from bitcoin and ether exposure. The scale of the withdrawals, particularly from bitcoin products, marked one of the weakest sessions in recent weeks.
Spot bitcoin ETFs recorded net outflows of $635.23 million, with every major flow firmly negative. No fund reported inflows during the session, underscoring the breadth of the selloff.
Blackrock’s IBIT led the retreat with a substantial $284.69 million exit, reinforcing the shift in institutional positioning after weeks of relatively resilient demand. Ark & 21Shares’ ARKB followed with $177.10 million in outflows, while Fidelity’s FBTC lost another $133.22 million.
Additional pressure came from Bitwise’s BITB, which shed $35.40 million, and Valkyrie’s BRRR, which posted a smaller $4.82 million outflow. Despite the weak flow picture, trading activity remained elevated at $1.99 billion, suggesting investors remain highly engaged even as sentiment turns defensive. Total net assets across bitcoin ETFs fell to $105.01 billion.
