Fidelity Pulls $150M From FBTC as Bitcoin ETF Flows Reverse After 9-Day Run
Key Takeaways: Despite the reversal, trading activity remained robust. Total value traded across bitcoin ETFs reached $1.93 billion, underscoring continued investor engagement even as flows turned negative. Net assets across the segment closed at $101.23 billion. Ether ETFs mirrored the cautious tone, though with a more mixed internal dynamic. The group posted a net outflow of $50.48 million. Fidelity’s FETH led declines with $48.43 million in outflows, while Blackrock’s ETHA recorded $13.81 million in outflows. Yet not all funds moved in tandem. Blackrock’s ETHB stood out as a consistent inflow channel, attracting $11.76 million and partially offsetting the broader weakness. Trading volumes in ether ETFs totaled $523.64 million, with net assets ending the session at $13.53 billion. Elsewhere, activity was notably subdued. XRP ETFs saw no trading flows, with net assets holding steady at $1.06 billion. Solana ETFs followed a similar pattern, recording no inflows or outflows, with assets remaining at $861.70 million. The abrupt halt in bitcoin ETF inflows suggests a market reassessing near-term positioning after a strong run. While one day does not define a trend, the breadth of outflows across multiple issuers may indicate profit-taking or a shift toward caution as investors weigh macro and crypto-specific catalysts. For now, the ETF market remains active but more selective. The coming sessions will show whether Monday’s pullback is a brief interruption or the start of a broader recalibration.About Author
