Lucía Peña
Spot bitcoin and Ethereum exchange-traded funds in the U.S. saw a combined $437 million in net outflows on Monday, deepening the recent trend of investor pullback.
Data from SoSoValue shows that spot bitcoin ETFs alone recorded $254.5 million in withdrawals, with BlackRock’s IBIT fund losing $145.5 million. Products from Grayscale, Fidelity, Bitwise, Ark & 21Shares, and VanEck also logged meaningful outflows.
This marks the fourth straight day of negative flows for spot bitcoin ETFs, which have collectively lost nearly $1.9 billion during that stretch.
Ethereum ETFs Extend Red Streak
Spot Ethereum ETFs also suffered significant withdrawals, totaling $182.8 million on Monday. BlackRock’s ETHA fund saw $193 million exit, while Fidelity’s FETH shed $3 million. These losses were slightly offset by approximately $13 million in inflows into Grayscale’s ETHE and ETH products.
Ethereum ETFs have now faced five consecutive days of net outflows, accumulating $911.4 million in total withdrawals over that period.
According to Nick Ruck, director at LVRG Research, the persistent outflows reflect growing institutional caution, driven by macroeconomic challenges such as rising interest rate expectations and fiscal uncertainty.
Market Downturn Weighs on BTC and ETH
Both bitcoin and Ethereum have experienced steady price declines since late October as the record-long U.S. government shutdown reduced market liquidity and optimism for a December rate cut faded.
Late Monday night, bitcoin dropped below $90,000, hitting a seven-month low. As of publication, BTC trades around $91,253, down 4.44% in 24 hours, while Ethereum has fallen 4% to $3,056.
Ruck noted that the recent ETF movements highlight a more risk-sensitive market environment, adding that ongoing outflows could apply additional downward pressure on BTC and ETH and potentially spark a broader altcoin correction.
Altcoin ETFs Show Opposite Momentum
While bitcoin and Ethereum funds struggled, altcoin ETFs recorded notable inflows.
Canary Capital’s spot XRP ETF pulled in $25.41 million on Monday, following $243 million in inflows last Friday. Its Litecoin ETF added another $2 million, signaling expanding interest in alternative crypto assets.
Spot Solana ETFs saw $8.26 million in net inflows, driven by contributions to Bitwise’s BSOL and Grayscale’s GSOL. VanEck’s newly launched VSOL, however, reported no flows on its first day.
Two additional Solana ETFs — Canary’s SOLC and Fidelity’s FSOL — are expected to debut Tuesday, according to Bloomberg analysts Eric Balchunas and James Seyffart.
Ruck said that rising inflows into XRP, Solana, and Litecoin ETFs indicate early signs of capital rotation, as investors increasingly look toward altcoins with more defined regulatory paths and higher upside potential.
