BlackRock’s Bitcoin and Ethereum ETFs leads market exodus of over $500 million
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) posted another round of withdrawals on Aug. 20, extending their streak of consecutive net outflows to a fourth straight trading day.
According to SoSoValue data, Spot Bitcoin ETFs recorded $311.57 million in outflows for the day, pushing their four-day total to nearly $1 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with $220 million in redemptions, which equates to roughly 1,940 BTC. Ark 21Shares’ ARKB followed with $76 million in outflows.
Other issuers, such as Fidelity’s FBTC and Grayscale’s GBTC, posted more modest figures, shedding $7 million and $8 million, respectively.
Meanwhile, Ethereum products also saw heavy redemptions, with $240 million in outflows on Aug. 20. That brought their cumulative four-day losses to more than $925 million.
BlackRock’s ETHA bore the brunt, with $257 million in withdrawals—around 63,280 ETH—marking its second-largest outflow since launch.
In contrast, Fidelity’s FETH and Grayscale’s mini Ethereum fund registered a combined $17 million inflows, offering a small offset to the day’s broader losses.
The latest wave of redemptions illustrates the weakening short-term sentiment amid Bitcoin and Ethereum’s recent price declines. According to CryptoSlate’s data, BTC and ETH prices had posted mild recoveries of around 2% each in the last 24 hours.
The post BlackRock’s Bitcoin and Ethereum ETFs leads market exodus of over $500 million appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DiDi has become a digital banking giant in Latin America
DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Fed rate cuts in conflict, but Bitcoin's "fragile zone" keeps BTC below $100,000
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
HyENA officially launched: Perp DEX supported by Ethena and based on USDe collateral goes live on Hyperliquid
The launch of HyENA further expands the USDe ecosystem and brings institutional-grade margin efficiency to the on-chain perpetuals market.
Trending news
MoreCrypto prices
More
