Record severe hemorrhaging in liquidity, with outflows exceeding 660 million dollars in a single day.
On September 27, 2025, the cryptocurrency markets experienced a new wave of outflows from Bitcoin and Ethereum exchange-traded funds (ETFs), reflecting a growing caution among both institutional and individual investors.
1. Bleeding in Bitcoin funds
- Spot Bitcoin funds recorded a net outflow of $418 million in a single day, marking the fourth consecutive day of losses.
- Fidelity FBTC topped the list with an outflow of nearly $3 billion (equivalent to 2,750 Bitcoin), although its cumulative balance remains positive at $11.9 billion.
- BlackRock IBIT experienced an outflow of $37.25 million (approximately 340 Bitcoin), with cumulative net flows remaining at $60.8 billion.
- Other funds like Bitwise BITB, Grayscale GBTC, and VanEck HODL all recorded varying outflows, reflecting a consensus to reduce risk.
- The total assets of spot Bitcoin funds now stand at $143.5 billion, equivalent to 6.6% of Bitcoin's market capitalization.
2. Ethereum continues to lose
- Ethereum funds recorded a net outflow of $248 million, completing the fifth consecutive day of bleeding.
- BlackRock ETHA led the losses with an outflow of nearly $200 million (49,600 ETH).
- Fidelity FETH recorded an additional outflow of $74 million (18,460 ETH).
- On the other hand, funds like Grayscale ETHE and 21Shares TETH saw limited positive inflows ($17.9 million and $8 million respectively), but this was not enough to offset the overall bleeding.
- The total assets of spot Ethereum funds reached $26 billion, equivalent to 5.4% of Ethereum's market capitalization.
3. A reading on the landscape
- Risk appetite has declined: Such a large outflow reflects increasing concern over market volatility and regulatory uncertainty.
- Impact on liquidity: Continued bleeding may pressure the spot prices of Bitcoin and Ethereum, increasing the market's fragility in the face of new shocks.
- Institutional signals: The absence of any positive inflows in major Bitcoin funds reflects that institutions prefer to wait rather than increase exposure to digital assets at this stage.
Summary
SoSoValue data confirms that Bitcoin and Ethereum are going through a sensitive phase, as investors choose to reduce their positions in spot ETF funds amid economic and regulatory uncertainty. Continuation of this trend may pressure the market in the short term, but at the same time, it could create buying opportunities if macro conditions stabilize.
#بيتكوين #إيثيريوم #ETF #العملاتالرقمية #التدفقاتالمؤسسية
