Bitcoin and Ethereum ETFs See $245M Net Outflows

• Bitcoin ETFs saw $104M in net outflows on Sept. 23.
• Ethereum ETFs recorded $141M in net outflows, no inflows.
• Fidelity’s FBTC led with $75.55M withdrawn.

ETF Outflows Hit Bitcoin and Ethereum

On September 23, both spot Bitcoin and Ethereum ETFs faced significant investor withdrawals, totaling $245 million in combined net outflows.

Spot Bitcoin ETFs saw $104 million in net outflows, with Fidelity’s FBTC taking the largest hit at $75.55 million, making it the top fund for daily withdrawals.

Meanwhile, Ethereum ETFs performed even worse. Across all nine listed ETH funds, there were zero inflows and a combined $141 million in net outflows, signaling bearish sentiment for Ethereum-linked products.

Why Investors Are Pulling Back

The sharp ETF withdrawals may be linked to several factors:

• Profit-taking after recent rallies.
• Market caution ahead of macroeconomic decisions by the Federal Reserve.
• Persistent uncertainty around crypto regulations in the U.S.

For Ethereum specifically, lack of inflows may suggest that investors are less confident about near-term catalysts compared to Bitcoin. While BTC ETFs have seen steady institutional engagement, Ethereum ETFs appear to be struggling to maintain momentum.

Market Implications

ETF flows are often seen as a barometer for institutional sentiment. The fact that both Bitcoin and Ethereum funds faced outflows on the same day indicates a broader risk-off trend in the crypto market.

Still, analysts note that short-term withdrawals don’t necessarily alter the long-term adoption trend, as institutions continue to treat ETFs as a convenient entry point into digital assets.

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