Key Takeaways 🗝️
Which Bitcoin ETFs threw a fit and stormed off?
Fidelity’s FBTC, that prim debutante, led the exodus with a staggering $330.4 million in outflows, closely followed by Ark 21Shares’ ARKB. Even BlackRock’s IBIT, the stalwart of the ball, wasn’t spared, shedding $37.3 million like a discarded glove at a society function. 😱
How did Ethereum ETFs fare in this melodrama?
Oh, they were simply dreadful, darling. $795.6 million in redemptions! Fidelity’s FETH, ever the drama queen, led with $362 million in outflows, while BlackRock’s ETHA trailed with $199.9 million. Only ETHE and TETH managed to keep their chins up, the dear things. 🥴
After weeks of frolicking in the sunlit meadows of the ETF market, the clouds have rolled in, and the picnic is ruined. 🌧️
Spot Bitcoin [BTC] and Ethereum [ETH] exchange-traded funds (ETFs) in the U.S. have suffered a sharp reversal, bleeding over $1.7 billion in combined outflows. The nerve of it all!
This mass hysteria coincided with both cryptocurrencies facing heightened volatility, with Bitcoin and Ethereum each sliding more than 8%. How gauche. 📉
Bitcoin ETF Update 📉
According to the ever-watchful Farside Investors, U.S.-listed Spot Bitcoin ETFs logged net withdrawals of $903 million last week. This ended a month-long charade of inflows that had fooled us all into thinking institutional confidence was here to stay. How naive! 😏
On the 26th of September, Fidelity’s FBTC led the charge with $330.4 million in redemptions, followed by Ark 21Shares’ ARKB and other lesser lights.
Even BlackRock’s flagship IBIT, usually the belle of the ball, saw outflows worth $37.3 million, while Bitwise’s BITB shed $23.8 million. The whole affair is simply scandalous. 🤦♂️
Several other funds reported smaller redemptions, while a few remained as flat as a society matron’s affectations.
Ethereum ETFs Fared No Better 🥴
For the week ending the 26th of September, nine U.S.-listed spot Ethereum ETFs collectively saw $795.6 million in withdrawals, their heaviest week of outflows since their launch. What a debacle!
Fidelity’s FETH, ever the attention-seeker, recorded the largest withdrawals at $362 million, trailed by BlackRock’s ETHA, which saw $199.9 million in redemptions.
Grayscale’s ETHE and 21Shares’ TETH were the only ones to hold their heads high, posting modest inflows while the others wallowed in despair. Bravo, darlings! 👏
Will Altcoins Save the Day? 🦸♂️
With this shift in investor sentiment, all eyes are now on altcoin ETFs, with several final deadlines for approval arriving in October.
Popular analyst Daan Crypto Trades has even dubbed October “ETF month,” suggesting a potentially decisive moment for the broader digital asset ETF market. How thrilling! 🎉
He remarked,
“We’re expected to see approvals on ETFs from a variety of major altcoins like $SOL, $XRP, $LTC & $DOGE.”
Daan Crypto Trades noted that none of the ETF applications with October deadlines come from industry heavyweights like Fidelity or BlackRock, those grande dames of the crypto ETF arena.
Still, the pending approvals could inject fresh momentum into the market in the weeks ahead. One can only hope! 🤞
From Inflows to Outflows in Just a Week ⏳
Just last week, Spot Bitcoin ETFs recorded $642.4 million in inflows, according to Farside Investors. How quickly the tide turns!
The broader landscape has also seen Wall Street deepening its crypto ties, with JPMorgan set to accept Bitcoin ETF shares as collateral for loans in June 2025. How very modern! 💼
Together, these developments highlight the mixed signals in today’s ETF market: short-term volatility shadowed by long-term institutional integration. What a circus! 🎪
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2025-09-29 13:18