Blackrock Leads $635M Bitcoin ETF Selloff as Solana Demand Holds Firm
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Blackrock Leads $635M Bitcoin ETF Selloff as Solana Demand Holds Firm
"Spot bitcoin ETFs recorded net outflows of $635.23 million, with every major flow firmly negative. No fund reported inflows during the session, underscoring the breadth of the selloff. Blackrock's IBIT led the retreat with a substantial $284.69 million exit, reinforcing the shift in institutional positioning after weeks of relatively resilient demand. Ark & 21Shares' ARKB followed with $177.10 million in outflows, while Fidelity's FBTC lost another $133.22 million."
"Additional pressure came from Bitwise's BITB, which shed $35.40 million, and Valkyrie's BRRR, which posted a smaller $4.82 million outflow. Despite the weak flow picture, trading activity remained elevated at $1.99 billion, suggesting investors remain highly engaged even as sentiment turns defensive. Total net assets across bitcoin ETFs fell to $105.01 billion. Two days of outflows worth almost $900 million for bitcoin ETFs marked one of the weakest sessions in recent weeks."
"Ether ETFs mirrored the broader caution, though on a more contained scale. The category recorded net outflows of $36.30 million, extending its losing streak to a third consecutive day. Blackrock's ETHA accounted for the largest share of the withdrawals with $21.10 million in exits, while Fidelity's FETH saw another $14.04 million leave the fund. Blackrock's ETHB, which had previously acted as a steady inflow channel, slipped modestly into negative territory with a $1.16 million outflow."
"Solana ETFs gained $5.97M via Grayscale GSOL as XRP funds stayed flat at $1.14B. Investor sentiment deteriorated further across major crypto exchange-traded funds (ETFs) as institutional capital continued to rotate away from bitcoin and ether exposure. The scale of the withdrawals, particularly from bitcoin products, marked one of the weakest sessions in recent weeks."
Spot bitcoin ETFs recorded net outflows of $635.23 million, with every major fund showing negative flows. Blackrock’s IBIT led the decline with a $284.69 million outflow, followed by Ark & 21Shares’ ARKB at $177.10 million and Fidelity’s FBTC at $133.22 million. Additional outflows came from Bitwise’s BITB and Valkyrie’s BRRR. Trading activity stayed elevated at $1.99 billion, while total net assets across bitcoin ETFs fell to $105.01 billion. Ether ETFs also posted net outflows of $36.30 million, extending a three-day losing streak. Blackrock’s ETHA accounted for the largest ether withdrawals, while ETHB turned slightly negative.
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