Key Takeaways
- U.S. spot Bitcoin ETFs hold $109.4 billion in BTC or 5.7% of its market cap.
- Ethereum ETFs saw high outflows, signaling slowing institutional interest.
- BlackRock and Grayscale funds saw the highest outflows, on Jan. 2.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) started 2025 with high outflows, reflecting a slowing investor sentiment amid market high fluctuations.
Bitcoin ETFs
According to SoSoValue data , Bitcoin ETFs experienced total net outflows of $242.3 million, on Jan. 2. It still has $109.4 billion in assets under management.
BlackRock’s IBIT ETF saw a strong 4.4% increase in market price, despite experiencing $332.6 million in net outflows. This movement, along with its significant asset base of $36.92 billion, highlights continued investor interest in Bitcoin despite the outflows.
Similarly, the Grayscale GBTC ETF posted a 4.3% price rise, even though it faced $23.1 million in outflows.
On the other hand, Fidelity’s FBTC ETF showed an inflow of $36.2 million, while Ark’s ARKB ETF recorded an inflow of $16.5 million.
Bitwise’s BITB ETF experienced a 4.2% increase in market price, with a $48.3 million inflow, indicating that despite minor premium/discount fluctuations, the market is reacting positively to the broader trends.
Ethereum ETFs
As per SoSoValue, Ethereum ETFs posted $77.5 million in total net outflows, on Jan. 2, thus ending a positive strike of inflows.
On Jan. 2, 2025, Grayscale’s ETHE saw an outflow of $21.4 million, with a daily value traded amounting to $85.7 million. The other Grayscale fund, ETH, showed no movement, at the beginning of the new year.
Grayscale has also the record for the highest cumulative net outflow since Ethereum ETFs were listed, with an exit of $3.66 billion so far.
The highest daily outflow belongs to Bitwise, with its ETHW—listed on the New York Stock Exchange—recording an outflow of $56.1 million.
However, ETHW’s cumulative net inflow since its launch remains positive at $345.0 million.
Other main ETH ETFs, like BlackRock’s ETHA and Fidelity’s FETH, didn’t show any particular change at the beginning of the new year.
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