Key Takeaways
- • U.S. spot crypto ETFs recorded more than $540 million in combined net outflows on Thursday, with Bitcoin products accounting for $430.2 million and Ethereum funds losing roughly $99.9 million, according to SoSoValue data.
- • Fidelity's FBTC led Bitcoin withdrawals with $199.9 million, while BlackRock's ETHA drove Ethereum redemptions with $75.2 million.
- • Bitcoin fell 5.6%, Ether dropped 7.8% and a broad crypto market index lost 6.4% on the same day, as the Nasdaq Composite fell 5.5% and the S&P 500 fell 4.4%.
- • Weekly withdrawals across major U.S. crypto ETFs exceeded $1.1 billion, and more than $1 billion in leveraged crypto positions were liquidated over 24 hours.
Summary
U.S. spot crypto ETFs recorded more than $540 million in combined net outflows on Thursday as digital assets and technology stocks sold off following the midterm elections, according to SoSoValue data. Bitcoin funds posted $430.2 million in net redemptions, while Ethereum funds lost roughly $99.9 million. The article characterizes the session as a broad retreat from regulated crypto exposure rather than a Bitcoin-only move.
Fidelity's FBTC led Bitcoin ETF outflows with $199.9 million, followed by BlackRock's IBIT at $105 million and Grayscale's GBTC at $49.9 million. Franklin Templeton's EZBC, VanEck's HODL and ARK 21Shares' ARKB also recorded withdrawals, while the remaining Bitcoin products showed no flows. On the Ethereum side, BlackRock's ETHA led with $75.2 million, while ETHB lost $22 million and Fidelity's FETH also posted redemptions. Bitcoin and Ethereum funds together shed about $530 million.
Smaller crypto ETF categories finished mostly negative. Solana products recorded about $1.2 million in net outflows, Zcash funds lost $11 million and Hyperliquid ETFs shed roughly $3 million. XRP products were the exception, with zero net flows for the session.
The outflows coincided with a wider market decline. Bitcoin fell 5.6% on Thursday, Ether dropped 7.8%, and a broad crypto market index lost 6.4%. The Nasdaq Composite fell 5.5% and the S&P 500 fell 4.4%. More than $1 billion in leveraged crypto positions were liquidated over 24 hours. The article notes that ETF outflows alone do not establish what caused the selloff, though weekly withdrawals across major U.S. crypto ETFs moved above $1.1 billion, keeping institutional flow trends under scrutiny.
Fidelity's FBTC led Bitcoin ETF outflows with $199.9 million, followed by BlackRock's IBIT at $105 million and Grayscale's GBTC at $49.9 million. Franklin Templeton's EZBC, VanEck's HODL and ARK 21Shares' ARKB also recorded withdrawals, while the remaining Bitcoin products showed no flows. On the Ethereum side, BlackRock's ETHA led with $75.2 million, while ETHB lost $22 million and Fidelity's FETH also posted redemptions. Bitcoin and Ethereum funds together shed about $530 million.
Smaller crypto ETF categories finished mostly negative. Solana products recorded about $1.2 million in net outflows, Zcash funds lost $11 million and Hyperliquid ETFs shed roughly $3 million. XRP products were the exception, with zero net flows for the session.
The outflows coincided with a wider market decline. Bitcoin fell 5.6% on Thursday, Ether dropped 7.8%, and a broad crypto market index lost 6.4%. The Nasdaq Composite fell 5.5% and the S&P 500 fell 4.4%. More than $1 billion in leveraged crypto positions were liquidated over 24 hours. The article notes that ETF outflows alone do not establish what caused the selloff, though weekly withdrawals across major U.S. crypto ETFs moved above $1.1 billion, keeping institutional flow trends under scrutiny.
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