Bitcoin ETFs See $82 Million Outflow, Fidelity FBTC Leads

The Bitcoin spot ETFs had a disappointing day on June 17 (Eastern Time). According to data from SoSoValue, a total of $82.16 million in net outflows left these funds, while the Bitcoin price trades around $64K, a decline of 0.7% in the past 24 hours. Ethereum spot ETFs also did not escape the red ink.

Bitcoin is available at OKX and Bybit.

Fidelity stands out

Not all Bitcoin ETFs performed poorly on this day. Fidelity’s FBTC is the positive exception, recording the largest net inflow of all funds at $14.02 million. That is striking in a market where most ETFs are seeing capital drain away. The total net assets of all Bitcoin spot ETFs stand at $80.66 billion, indicating that despite daily fluctuations, there is still significant capital in these products.

The outflow figures fit a broader trend in which investors have reacted in a mixed fashion to moves in the crypto market in recent weeks. Earlier this week, Bitcoin and Ethereum ETFs together still attracted more than $19 million, showing how quickly sentiment can turn.

Ethereum ETFs also in the red

The Ethereum spot ETFs also ended the day negative on June 17. Total net outflows amounted to $29.37 million. The Grayscale Ethereum Mini Trust ETF was the biggest loser, with an outflow of $9.89 million that day.

The pressure on the Ethereum ETF market is linked to the broader sentiment around crypto at the moment. The Bitcoin price has been under pressure for some time and analysts point to various factors that make a recovery difficult. At the same time, there are also bullish voices, as some analysts see opportunities towards $74.000 and $79.000.