Bitcoin and Ethereum ETFs Face $713 Million in Combined Outflows

TLDR

• Bitcoin and Ethereum ETFs saw a combined net outflow of $713 million on Tuesday due to market instability.
• Grayscale’s GBTC led the Bitcoin ETF outflows with $160.8 million, followed by Fidelity’s FBTC with $152 million.
• Ethereum ETFs recorded $230 million in net outflows, marking the end of a five-day streak of positive inflows.
• The cryptocurrency market downturn follows broader geopolitical and macroeconomic uncertainties affecting investor sentiment.
• Bitcoin’s price dropped below $89,000 while Ethereum fell below $3,000 as market conditions worsened.

U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced a combined net outflow of $713 million on Tuesday. The ongoing macroeconomic and geopolitical instability has continued to impact market sentiment. The outflows, the result of a market drawdown, reflect broader uncertainties affecting the cryptocurrency sector.

Bitcoin ETFs See $483 Million in Outflows

Spot Bitcoin ETFs recorded substantial net outflows on Tuesday, with a total of $483.4 million leaving across eight funds. Grayscale’s GBTC experienced the highest outflows, with $160.8 million exiting the fund. This was followed by Fidelity’s FBTC, which saw $152 million in outflows.

The outflows on Tuesday extend a downward trend that started last Friday, when Bitcoin ETFs posted $395 million in net outflows. This trend reflects the ongoing impact of macroeconomic challenges that continue to rattle global markets. Bitcoin’s price also fell below $89,000, down from over $97,000 just a week ago.

Ethereum ETFs Report $230 Million in Net Outflows

Ethereum ETFs saw $230 million in net outflows across six funds on Tuesday, ending a five-day streak of positive inflows. The largest outflow was recorded by BlackRock’s ETHA, with $92.3 million leaving the fund. This sudden reversal of inflows highlights the volatile nature of the current cryptocurrency market.

Ethereum’s price has also been affected by the broader market downturn, dipping below $3,000. The combined outflows from Bitcoin and Ethereum ETFs underscore the widespread investor retreat from riskier assets. Traders are focusing on geopolitical tensions and economic instability as key factors driving these market dynamics.

Broader Market Conditions Impact Cryptocurrency ETFs

The downturn in the cryptocurrency market comes amid broader global financial instability. Ongoing geopolitical tensions, such as the trade dispute between the U.S. and the EU over Greenland, continue to affect investor sentiment. The market’s reaction to these disputes has been reflected in the selling pressure on crypto assets.

Macroeconomic conditions, including Japan’s panic selling of government bonds, have also weighed on global liquidity. As a result, equity markets and cryptocurrencies have been under pressure. According to Jeff Mei, COO at BTSE, “Trump’s tariff threats over Greenland were not well received by the market.”

While the outflows are significant, analysts believe they reflect a temporary derisking phase rather than a long-term shift away from crypto assets. Nick Ruck from LVRG Research described the current phase as “a healthy consolidation” after volatility earlier in 2026.

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