Bitcoin, Ethereum Funds Shed $800M in Single Day

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Fear gripped the crypto ETF market on Tuesday as institutional investors bolted from Bitcoin and Ethereum products, resulting in a combined $797 million net outflow.

The selling pressure has now stretched into a fifth straight day, erasing nearly $2 billion from the flagship funds.

Spot Bitcoin ETFs bore the brunt of the sell-off, recording their worst day in over three months with an outflow of $577.74 million. Fidelity’s FBTC was hit hardest, seeing $356.6 million exit. The newly launched spot Ethereum ETFs also failed to attract buyers, posting outflows of $219 million.

“The fifth straight day of outflows marks a decisive shift in institutional positioning. This isn’t just a pause; it’s a recalibration,” said Rachael Lucas of BTC Markets, characterizing the move as a risk-off tactic. The only faint positive was seen in Solana ETFs, which posted a modest $14.8 million inflow.