Nearly $1 Billion Exits Bitcoin & Ethereum ETFs in One Day

Data from Farside Investors reveals a staggering outflow of over $900 million from Bitcoin and Ethereum Exchange-Traded Funds (ETFs) within a single day. Fidelity’s FBTC ETF witnessed the largest withdrawals, losing an eye-watering $523 million. This was followed by Grayscale’s GBTC, shedding $115.5 million. Meanwhile, Ethereum products saw a substantial $422.3 million in redemptions, marking their second worst outflow day since launch. Fidelity’s FETH and Grayscale’s ETHE led the charge on this front.