According to the latest market data, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced significant investor outflows on Tuesday, with total net outflows reaching $170 million. The largest outflow came from Fidelity’s FBTC, which withdrew $114 million from that fund alone.
US Spot Bitcoin ETFs See $170 Million Outflow Led by Fidelity's FBTC
Amid massive outflows, heightened market volatility, and macroeconomic uncertainty, investors appear to be adopting a more cautious stance on risky assets, including cryptocurrencies.
Meanwhile, spot Ethereum ETFs also saw continued losses, with net outflows totaling $12 million. This is the seventh consecutive day of withdrawals from Ethereum-focused ETFs and signals a continued downtrend for the second-largest cryptocurrency by market cap.
The back-to-back outflows from both Bitcoin and Ethereum ETFs highlight a broader cooling in crypto investment appetite following a blistering rally earlier this year.
Analysts note that concerns over interest rates, regulatory clarity, and changing macro conditions are affecting institutional flows into the digital asset space.
Despite recent price corrections, long-term sentiment toward spot crypto ETFs remains cautiously optimistic, especially with pending regulatory developments and increasing mainstream adoption on the horizon.
*This is not investment advice.
