After a record-setting performance in July, U.S.-listed spot Bitcoin and Ethereum ETFs kicked off August with sharp outflows, losing close to $1 billion in value as crypto prices dropped.
According to SoSoValue, Friday saw Bitcoin ETFs post combined net outflows of $812.3 million—marking their worst performance since February 24, when over $1.1 billion exited the market. It was also the second largest daily outflow ever recorded for Bitcoin ETFs.
Despite the broad downturn, BlackRock’s IBIT fund showed resilience, shedding only $2.6 million, a fraction compared to competitors. Fidelity’s FBTC and Ark Invest’s ARKB were hit hardest, each losing approximately $330 million in investor capital.
Other major players like Grayscale and Bitwise also experienced outflows in the tens of millions, and no Bitcoin ETF recorded any net inflows that day.
Ethereum ETFs Follow Suit with Heavy Losses
Spot Ethereum ETFs weren’t spared either. Combined, they saw $152.3 million in net outflows, marking their worst single-day performance since January 7, when $159.3 million exited the market. According to SoSoValue data, Friday was the fourth-worst day in Ethereum ETF history.
Interestingly, BlackRock’s ETHA fund remained flat, neither gaining nor losing significant capital. In contrast, Bitwise’s ETHW ETF led Ethereum outflows with $40.3 million, followed by Grayscale’s ETHE, which saw $37.2 million leave the fund.
