Bitcoin spot ETFs recorded a fourth consecutive day of outflows, with a total withdrawal of $188.64 million, primarily driven by one major fund. Despite this, trading activity remained high — the trading volume for these ETF products reached $3.16 billion, while the group’s total assets stayed roughly steady at $114.29 billion.
Fourth Consecutive Day of Outflows from Bitcoin ETFs
The capital outflows were concentrated in several funds, with the largest withdrawal coming from BlackRock’s IBIT — $157.34 million. Additionally, Fidelity’s FBTC saw outflows of $15.30 million, Grayscale’s GBTC lost $10.28 million, and Bitwise’s BITB dropped by $5.72 million, totaling the reported $188.64 million outflow.
Despite these outflows, trading activity remained significant — $3.16 billion in trading volume — and the aggregate net assets of the Bitcoin ETF group remained nearly unchanged, holding around $114.29 billion. This indicates that capital exits occurred alongside sustained market liquidity.
Ether ETFs Return to Outflows
The Ether ETF group shifted back into negative territory with net outflows of $95.53 million, mainly due to large withdrawals from specific funds. Grayscale’s ETHE contributed the most to outflows with $50.89 million, while BlackRock’s ETHA added $25.04 million to the total outflows.
As a result, overall trading activity for Ether ETFs declined — falling just below $1 billion — while the group’s total assets remained stable as reported by settlement platforms.
XRP and Solana ETFs Continue to Attract Funds
Amid outflows from Bitcoin and Ether ETFs, ETFs for other cryptocurrencies show the opposite trend: XRP ETFs saw inflows of $8.19 million, while Solana ETFs attracted $4.20 million. This reflects selective investor demand within the crypto ETF segment.
Notably, Solana ETF assets are approaching the $1 billion mark, highlighting sustained interest in this area despite overall market caution.
Year-End Outlook
The near-term outlook for Bitcoin and Ether ETFs appears more challenging: capital outflows continue, putting pressure on these most liquid market products. Meanwhile, XRP and Solana maintain positive inflow momentum, giving them a chance to finish the year on a stronger note.
Why This Matters
For miners operating multiple devices (from one to a thousand), the direct impact of daily ETF flows is usually minimal: it does not change the technical parameters of mining operations or cause equipment shutdowns. However, these flows reflect institutional investor sentiment and influence liquidity and trading activity, which in turn can affect spreads and the ease of selling mined coins.
Moreover, the concentration of large outflows in specific funds shows that during risk-off periods, institutions tend to quickly reposition their holdings. Therefore, miners should monitor trading volumes and the availability of exchange platforms for fund withdrawals and fiat conversions.
What to Do?
- Monitor liquidity: check trading volumes on platforms where you sell mining revenue to avoid wide spreads during demand drops.
- Maintain reserves for electricity and maintenance costs: during market volatility, sales may be less profitable, so a financial cushion reduces the risk of emergencies.
- Plan coin sales in advance: spread out sales to avoid dependence on a single low-liquidity day.
- Keep track of ETF news and institutional flows: this provides context for short-term trading activity and potential demand fluctuations.
- Regularly check pool settings and equipment: stable operation reduces operational risks regardless of market conditions.
For a more comprehensive overview of fund movements between ETF sectors, see the inflow and outflow reports on platforms: Bitcoin outflows and the overall cryptocurrency ETF market: Bitcoin and Ether ETFs.