Bitcoin and Ethereum ETFs See $1B Outflow

Key Notes

• Fidelity led withdrawals with $403 million in combined Bitcoin and Ethereum ETF outflows.
• The recent outflows come as Bitcoin price and Ethereum price saw over 8% correction over the past week.
• The Crypto Fear & Greed Index fell to 44 (“Fear”) on August 20, reflecting a shift in sentiment.

US issuers of spot Bitcoin

BTC $113 433

24h volatility: 2.0%

Market cap: $2.26 T

Vol. 24h: $43.49 B

ETFs, and spot Ethereum

ETH $4 185

24h volatility: 2.9%

Market cap: $504.56 B

Vol. 24h: $44.40 B

ETFs, faced heavy outflows of more than $1 billion on Tuesday, August 19.

ETFs for both the top crypto assets saw their second-largest outflows this month. On Tuesday, Bitcoin outflows went up by more than 300% while Ethereum outflows doubled.

Bitcoin and Ethereum ETFs See Three Consecutive Days of Outflows

Spot Bitcoin ETFs saw $523 million in outflows on Tuesday, accelerating 4 times the outflows on Monday, as per data from Farside Investors.

Similarly, Ethereum ETFs also faced heavy losses, with outflows jumping from $200 million on Monday to $422 million.

Related article: ETH ETFs to Overtake BTC ETFs by Supply Held in SeptemberCombined Bitcoin and Ethereum funds have logged three straight days of outflows totaling $1.3 billion.

This comes along with a sharp Bitcoin price drop of 8.3%, and Ethereum price correction of 10.83% on the weekly chart.

Fidelity Investments saw the largest withdrawals on Tuesday, with $247 million exiting its Wise Origin Bitcoin Fund (FBTC) and $156 million from the Fidelity Ethereum Fund (FETH), for a combined $403 million in outflows.

Similarly, Grayscale also faced significant redemptions, as the Grayscale Bitcoin Trust ETF (GBTC) lost $116 million and the Grayscale Ethereum Trust (ETHE) saw $122 million withdrawn.

BlackRock remained the most stable, with its Bitcoin fund IBIT seeing no outflows and its iShares Ethereum Trust ETF (ETHA) experiencing only a minor $6 million withdrawal.

Crypto Market Sentiment Flips Into “Fear” Zone

Note that the current three-day outflows in Bitcoin ETF and Ethereum ETFs come after weeks of consecutive inflows, and minor in comparison.

Senior Bloomberg ETF analyst Eric Balchunas noted on X that Ether ETFs made Bitcoin the “second-best” crypto asset in July, as investors increasingly shifted from Bitcoin ETFs to Ether ETFs.

On Wednesday, August 20, the Crypto Fear & Greed Index shifted to “Fear,” recording a score of 44 after an extended stretch of bullish sentiment, signaling increasing caution among investors.

Crypto Fear & Greed Index showing a shift to fear with a score of 44 on August 20, 2025. | Source: Alternative.me

The broader crypto market correction continued today, with BTC and altcoins under pressure. Total liquidations reached $462 million, including $381 million in long positions.

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