US Bitcoin and Ethereum Spot ETFs Post Cumulative Weekly Outflows

US Bitcoin and Ethereum Spot ETFs Post Cumulative Weekly Outflows

Farside monitoring data reveals significant weekly withdrawals for both Bitcoin and Ethereum ETFs, totaling over $520 million in combined net outflows.

BTC
ETH

Fact Check
Among the available information, the most relevant coverage comes from CoinDesk reports discussing cryptocurrency ETF flows, which include data about net inflows and outflows for both bitcoin and ethereum spot ETFs. These reports occasionally mention changes in fund positions from issuers like Fidelity and BlackRock. However, none of the sources provide a definitive confirmation of a $113 million net outflow or specify that Fidelity and BlackRock led those outflows. Bloomberg and iShares offer authoritative ETF data, but their public-facing exchanges list product details and general asset performance rather than daily fund flow aggregates. CoinDesk’s summaries indicate broader coverage on ETF trends without explicit numerical confirmation on Ethereum ETF withdrawals. Thus, while the statement is plausible—Ethereum ETFs could have experienced a net outflow recently—the exact figure of around $113 million and the attribution to Fidelity and BlackRock is not verifiable from the provided sources. The evidence lacks direct quantitative confirmation and issuer-specific detail, leading to moderate confidence that the claim might be partially true but currently unsubstantiated.
    Reference1
Summary

US spot Bitcoin ETFs recorded a net outflow of $360 million this week, while Ethereum spot ETFs saw a cumulative net outflow of $161.2 million. Although Ethereum funds posted a $10.26 million daily inflow on February 13, the weekly total remained negative due to heavy earlier withdrawals. BlackRock's IBIT led Bitcoin outflows with $234.8 million exiting the fund.

Terms & Concepts
  • Bitcoin Spot ETF: An exchange-traded fund that allows investors to gain exposure to Bitcoin price movements without holding the asset directly.
  • Ethereum Spot ETF: An investment fund that holds actual Ether and trades on stock exchanges, allowing investors to track the cryptocurrency's price.
  • Net Outflow: A financial metric indicating that the total capital withdrawn from a fund exceeds the capital deposited during a specific period.