Crypto Investors Flee Spot Bitcoin (BTC), Ether (ETH) ETFs as Prices Recover
U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) saw outflows Wednesday even as the cryptocurrencies’ prices surged after President Donald Trump announced a 90-day pause in tariffs on most countries, excluding China.
The 11 bitcoin ETFs lost a net $127.2 million Wednesday, with investors withdrawing $89.7 million from BlackRock’s IBIT alone, according to data from Farside Investors. Wednesday marked the fifth consecutive day of outflows, with the funds losing a cumulative $722 million over the period.
Ether ETFs have also fallen out of investor favor and the nine funds saw a net outflow of $11.2 million Wednesday.
The dwindling demand can be attributed to the macroeconomic uncertainty caused by the U.S.-China…
