As the crypto market reels, a stark new narrative is emerging from the ETF flow data: institutions are not just pausing, they are actively repositioning out of digital assets. On Tuesday, spot Bitcoin and Ethereum ETFs in the US saw a combined $797 million net outflow, cementing a five-day exodus that has totaled $1.9 billion.
“The fifth straight day of outflows marks a decisive shift in institutional positioning,” said Rachael Lucas, a crypto analyst at BTC Markets. “This isn’t just a pause; it’s a recalibration.”
This recalibration was led by spot Bitcoin funds, which saw $577.74 million exit—the worst single day since August. Fidelity’s FBTC and Ark’s ARKB were among the hardest hit.
The negative sentiment spilled over into the nascent Ethereum ETF market, which saw $219 million in outflows, suggesting the current risk-off mood is systemic and not confined to a single asset.
