Bitcoin and ether ETFs lose $152m as BlackRock drives Friday selling
US crypto funds ended the week with fresh outflows, Bitcoin ETFs shedding $82.39m and ether funds $69.68m, while NEAR was the only category to attract new money.
Why it matters: The figures show where institutional money is leaving crypto ETFs, with ether selling persistent and solana's losing streak deepening even as trading volumes stay high.
Key points
- Bitcoin ETFs lost $82.39m on Friday, with BlackRock's IBIT accounting for $71.78m and Fidelity's FBTC $10.61m; weekly outflows reached about $228.6m.
- Ether ETFs lost $69.68m, all through BlackRock's ETHA, taking weekly outflows to roughly $320m and net assets to $14.95bn.
- Solana ETFs shed $12.67m through Bitwise's BSOL, a tenth straight day of outflows, while Bitwise's NRR took in $2.61m for NEAR.
Bitcoin and ether ETFs lost $152.07m on Friday as institutional investors kept cutting exposure to the largest digital assets, Bitcoin.com News reports. Bitcoin funds shed $82.39m and ether funds $69.68m, capping a week in which the two categories lost roughly $228.6m and $320m respectively.
BlackRock drove the selling in both. Its IBIT accounted for $71.78m of the Bitcoin outflows, with Fidelity's FBTC losing a further $10.61m, while the whole ether outflow came through BlackRock's ETHA. Bitcoin ETF trading value reached $2.66bn on the day, lifting weekly turnover above $10bn, and net assets closed at $104.29bn. Ether ETF net assets fell to $14.95bn on $645.81m of trading.
Ether and solana
Ether's weekly pattern was the harsher of the two. A $24.84m inflow on Tuesday briefly ended a ten-session losing streak, but redemptions returned on Wednesday, Thursday and Friday. Solana ETFs lost $12.67m through Bitwise's BSOL, a tenth consecutive day of outflows that took the week to about $25.5m and net assets to $1.62bn. XRP funds lost $2.47m through Canary's XRPC and zcash shed $1.22m through Grayscale's ZCSH.
NEAR was the outlier, with Bitwise's NRR attracting another $2.61m. The article says capital has not left crypto ETFs: investors are trading actively but becoming more selective, and attention now turns to whether that activity can translate into steadier institutional demand.
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