Spot Bitcoin ETFs hemorrhaged $70.4M in the latest trading session, while their Ethereum counterparts dropped $28.1M. That is $98.5M walking out the door in a single day, and it was not a one-off.
The outflows were consecutive, meaning this marks at least the second straight session of net negative flows across both product categories.
The numbers in context
Just recently, Bitcoin ETFs alone pulled in $2.13B in a single week, with some stretches showing zero outflows across all issuers. On the flip side, Bitcoin ETFs also saw $1.1B in outflows over just three days during a separate period. The current $70.4M daily outflow for Bitcoin funds is notable but nowhere near the worst bleeding these products have experienced.
Ethereum ETFs losing $28.1M is a comparatively smaller figure in absolute terms. But Ethereum funds have consistently attracted less capital than their Bitcoin equivalents since launching, so any outflow registers as more significant on a proportional basis.
