Last week, BlackRock experienced significant outflows from their crypto ETF products amid widespread market selling. I noticed that their Bitcoin ETF IBIT and Ethereum ETF ETHA showed quite distinct differences in fund flows.



The week started off reasonably well - the Bitcoin ETF recorded an inflow of $160 million initially, indicating that institutional investors still showed interest. But then things changed. Selling accelerated rapidly, and by the end of the week, the Bitcoin ETF had a net withdrawal of $158 million, with a single day seeing $201 million in outflows.

As for the Ethereum ETF, it seemed to be under continuous selling pressure throughout the week — no rebound at all. Total withdrawals amounted to $285 million, with the heaviest selling on Wednesday and Thursday. This trend suggests waning confidence in Ethereum compared to Bitcoin.

What’s interesting is that the Bitcoin ETF showed some resilience — there were buy points during the sell-off that indicated buying behavior at lower prices. In contrast, the Ethereum ETF showed no signs of recovery, just ongoing outflows. The overall crypto ETF market is experiencing clear uncertainty, with investors reducing risk rather than bidding higher.

The current price of Bitcoin is $77,600, and Ethereum is at $2,330. Both remain under pressure due to outflows from these large spot exchange funds.
BTC-0.19%
ETH-0.15%
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