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yesterday

Nearly $2 Billion Exits U.S. Bitcoin and Ethereum ETFs as BlackRock Leads Four-Day Pullback

Concentrated redemptions in BlackRock’s IBIT, ETHA highlight how issuer dominance can magnify swings.

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$1.9 billion pulled from bitcoin and ether etfs in 4 days as outflow streak hits hard

Overview

  • U.S.-listed spot Bitcoin and Ethereum ETFs saw nearly $2 billion in combined withdrawals over the past four trading days, according to SoSoValue data reported by CryptoSlate and Coindoo.
  • On Aug. 20, Bitcoin funds posted $311.57 million in net outflows while Ethereum products lost $240 million, extending the streak to a fourth consecutive day.
  • BlackRock’s iShares Bitcoin Trust led Bitcoin redemptions with $220 million withdrawn, followed by ARK 21Shares’ ARKB at $76 million, with smaller outflows at Fidelity’s FBTC and Grayscale’s GBTC.
  • BlackRock’s ETHA recorded $257 million in withdrawals, roughly 63,280 ETH, marking its second-largest single-day outflow since launch.
  • Fidelity’s FETH and Grayscale’s mini Ethereum fund drew a combined $17 million in inflows, as trading activity stayed elevated and BTC and ETH prices bounced about 2% in the last 24 hours.