Crypto exchange-traded funds (ETFs) remained under severe pressure on Thursday, as Bitcoin ETFs posted massive outflows and Ethereum ETFs extended their losing streak to seven consecutive days. The broader market sentiment continued to erode, with the earlier mild downturn now transforming into a sustained wave of capital flight. There are few signs of an imminent reversal.
Bitcoin ETFs: $171M Net Outflow Across Seven Funds
Bitcoin ETFs registered a net outflow of $171.22 million on Thursday, marking another difficult session for the asset class. The selloff was broad and consistent, with seven funds reporting redemptions, underscoring the depth of the downturn.
BlackRock's IBIT led the decline with outflows of $41.92 million, followed by Bitwise's BITB at $33.10 million and Fidelity's FBTC at $32.81 million. Ark & 21Shares' ARKB saw an outflow of $30.45 million, while Grayscale's GBTC lost $25.06 million. Smaller but notable outflows were recorded in Grayscale's Bitcoin Mini Trust ($5.45 million) and VanEck's HODL ($2.42 million). Trading volume reached $2.49 billion, while net assets dropped to $88.36 billion.
Ethereum ETFs: 7-Day Losing Streak, BlackRock ETHB Defies the Trend
Ethereum ETFs extended their negative trend to seven consecutive days, posting net outflows of $92.54 million. However, the headline figure only tells part of the story.
BlackRock's ETHA saw a massive outflow of $140.24 million, accounting for the bulk of the losses. Additional outflows came from Fidelity's FETH ($23.95 million), Grayscale's ETHE and Ether Mini Trust ($13.83 million and $6.21 million, respectively), and Bitwise's ETHW ($5.12 million).
Yet there was a notable counterbalance. BlackRock's ETHB attracted a strong inflow of $96.81 million, partially offsetting the broader decline and standing out as a rare pocket of strength. Trading volume reached $878.53 million, while net assets closed at $11.70 billion.
Other ETFs: Solana Slips, XRP Remains Frozen
XRP ETFs recorded no trading activity, with assets steady at $949.15 million. Solana ETFs saw a modest outflow of $1.04 million, driven by Fidelity's FSOL and VanEck's VSOL. Trading volume for Solana ETFs stood at $23.96 million, with net assets of $849.65 million.
Overall Trend: Institutional Caution Deepens, Market Seeks Stability
The broader pattern is becoming increasingly clear. Bitcoin and Ethereum face persistent selling pressure, while smaller assets struggle to attract steady demand. Even isolated inflows are no longer sufficient to reverse the overall trend. Thursday's session reinforced a cautious market stance: Bitcoin experienced broad outflows, Ethereum extended its losing streak despite some strong intraday inflows, Solana edged lower, and XRP remained inactive. The market continues to search for stability amid heightened institutional risk aversion.