Bitcoin, ether ETFs report combined $713 million in outflows amid market turmoil
US spot Bitcoin and Ether ETFs experienced a combined net outflow of $713 million on Tuesday due to market turmoil.Summary
U.S. spot Bitcoin and Ether ETFs saw a combined net outflow of approximately $713 million on Tuesday, coinciding with broader macroeconomic and geopolitical market turmoil. Spot Bitcoin ETFs recorded $483.4 million in outflows, led by Grayscale's GBTC ($160.8 million) and Fidelity's FBTC ($152 million). Spot Ethereum ETFs contributed $230 million in outflows, ending a five-day streak of positive flows, with BlackRock's ETHA shedding $92.3 million. This downturn follows Bitcoin falling below $89,000 and Ether trading below $3,000, attributed to uncertainty surrounding trade disputes (like the US-EU dispute over Greenland) and panic selling of Japanese government bonds impacting global liquidity. Analysts suggest this is temporary institutional derisking, with some expecting threats from figures like Trump to be watered down, and maintaining an optimistic view on crypto's long-term value.
(Source：The Block)