Crypto ETFs face $1.29 billion exodus as Bitcoin and Ether lead sell-off

Bitcoin ETFs suffered $678.9 million in net outflows, despite a brief recovery on Friday. Fidelity’s FBTC led the retreat with $380.3 million in losses, followed by ARK 21Shares’ ARKB, which saw $207.2 million exit. BlackRock’s IBIT narrowly avoided a net negative week, finishing with a slim $1.1 million gain after volatile mid-week trading. The broader market sentiment turned sour following a $484.9 million single-day withdrawal on Wednesday that erased early-week optimism.

Ethereum products endured an even more consistent decline, recording five consecutive days of negative flows totaling $542.2 million. BlackRock’s ETHA was the primary driver of this trend, accounting for $477.1 million of the total, or roughly 88% of all Ethereum fund exits. Meanwhile, Solana ETFs shed $25 million, with Bitwise’s BSOL responsible for $21 million of that sum. Smaller asset classes also struggled; Zcash products posted $30.8 million in redemptions, while Hyperliquid vehicles saw $9.4 million leave their coffers, effectively wiping out the sector's gains from the previous week.