Spot bitcoin, ether ETF outflows accelerate, totaling nearly $1 billion

Spot bitcoin and ether exchange-traded funds (ETFs) in the U.S. saw significant net outflows on Wednesday, totaling nearly $1 billion, driven by institutional investors reducing risk amid macroeconomic uncertainty. Spot bitcoin ETFs reported a $708.7 million net outflow, the largest in two months, with BlackRock's IBIT and Fidelity's FBTC leading the exits. Ether ETFs collectively saw $286.9 million in outflows, primarily from BlackRock's ETHA. Analysts suggest this behavior is "classic derisking" in response to hostile macro conditions, not a sign of structural weakness or abandonment of the asset class. Prices stabilized after initial dips, with Bitcoin near $90,000 and Ether near $3,000, following positive geopolitical news. Despite the single-day exit, long-term accumulation trends remain strong, and unlike BTC and ETH funds, spot XRP and Solana ETFs recorded net inflows.

(Source：The Block)