Spot Bitcoin and Ether exchange-traded funds recorded sharp outflows as institutional caution grew amid macroeconomic uncertainty.
Spot Bitcoin ETFs saw $483.4 million in daily outflows, led by Grayscale’s GBTC and Fidelity’s FBTC.
Spot Ether ETFs posted $230 million in net outflows, ending a five-day streak of positive flows.
BlackRock’s ETHA recorded the largest Ether ETF outflow at $92.3 million.
Spot XRP ETFs saw their largest single-day outflow to date at $53.3 million.
Solana ETFs moved against the trend, posting $3 million in net inflows.
“ETF outflows point to institutional caution amid geopolitical trade tariffs and broader risk-off sentiment,”
Vincent Liu said.
“Japan’s bond sell-off and rising yields are tightening global liquidity and pressuring risk assets,”
Vincent Liu said.
Bitcoin fell below $89,000 after trading near $97,000 last week as broader crypto markets weakened.
Analysts linked the downturn to US-EU trade tensions and volatility in Japanese government bonds.
Larger Bitcoin holders continued accumulating despite the decline, while smaller wallets reduced exposure.
CryptoQuant data showed short-term whale holders now exert greater influence over Bitcoin’s market direction.
At the time of reporting, Bitcoin price was $89,874.96.