U.S. crypto ETFs post weekly outflows as post-midterm sell-off hits digital assets

Traders Union
All News
Crypto
U.S. crypto ETFs weekly outflows

Highlights

U.S. spot crypto ETFs register over $500 million in combined net outflows Thursday, led by Fidelity's FBTC at $199.9 million and BlackRock's IBIT at $105 million.
Ethereum ETFs post significant redemptions with BlackRock's ETHA and ETHB reporting outflows of $75.2 billion and $22 billion, while Solana, Zcash, and Hyperliquid ETFs also see declines.
Bitcoin drops 5.6%, ether falls 7.8%, and the GMCI 30 index loses 6.4% as digital asset and tech stocks extend declines after the Democrat midterm sweep.

Fund flow pressure across bitcoin and ethereum products

As reported by The Block, U.S. spot crypto ETFs record more than $500 million in combined net outflows on Thursday as markets reverse early gains after the U.S. midterms. Among bitcoin funds, Fidelity's FBTC leads withdrawals at $199.9 million, followed by BlackRock's IBIT at $105 million and Grayscale's GBTC at $49.9 million.

Data compiled by The Block show Franklin Templeton's EZBC, VanEck's HODL and Ark Invest's ARKB also post net outflows, while the remaining bitcoin ETFs show zero flows for the day. Ethereum products also face sharp redemptions, led by BlackRock's ETHA and ETHB, with reported outflows of $75.2 billion and $22 billion, respectively, while Fidelity's FETH and Grayscale's ETHE also decline.

Other U.S. crypto ETF segments also weaken, though on a smaller scale. U.S. Solana ETFs post combined net outflows of $1.2 million for the day, Zcash ETFs lose $11 million and Hyperliquid ETFs see $3 million in outflows, while XRP ETFs are the only group to register zero flows.

Market slide deepens pressure on digital assets

Risk appetite weakens across both crypto and equities, adding to the pressure on fund flows. Bitcoin falls 5.6% on Thursday, giving up an earlier 4% gain from Wednesday, while ether drops 7.8% and the GMCI 30 index of the top 30 cryptocurrencies declines 6.4%.

Technology shares also come under pressure, with the Nasdaq Composite down 5.5% and the S&P 500 falling 4.4%. Investors are weighing the effect of possible restrictions on AI infrastructure buildout after Democrats sweep both the House and Senate, extending the sell-off beyond digital assets.

Our earlier article on the Nasdaq-100 (NDX) highlighted a sharp intraday selloff that left the index trading below key short- and medium-term moving averages, with elevated downside risk unless it could reclaim near-term resistance. It also noted the launch of Janus Henderson and Centrifuge’s JQQQ, a blockchain-native fund designed to broaden digital access to Nasdaq-100 exposure even as broader market momentum remained fragile.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.