Spot Bitcoin and Ethereum ETFs recorded over $1 billion in combined outflows on August 19, marking their second-largest withdrawal day this month.
US issuers of spot Bitcoin BTC $112 558 24h volatility: 1.9% Market cap: $2.24 T Vol. 24h: $47.23 B ETFs, and spot Ethereum ETH $4 120 24h volatility: 3.6% Market cap: $497.62 B Vol. 24h: $45.26 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.
Combined 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.
8/19 Bitcoin ETF Total Net Flow: -$523.31 million$IBIT (BlackRock): $0.00 million$FBTC (Fidelity): -$246.89 million$BITB (Bitwise): -$86.76 million$ARKB (Ark Invest): -$63.35 million$BTCO (Invesco): n/a$EZBC (Franklin): -$3.27 million$BRRR (Valkyrie): $0.00 million$HODL… https://t.co/DzXQtqfr5T pic.twitter.com/6JI9w9aiGZ
— Trader T (@thepfund) August 20, 2025
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as the Grayscale Bitcoin Trust ETF (GBTC) lost $116 million and the Grayscale Ethereum Trust (ETHE) saw $122 million withdrawn.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.
Ether ETFs Turn Bitcoin Into 'Second Best' Crypto Asset in July.. new from @SirYappityyapp and myself who awarded Ether ETFs as our ETF of the month for July. Normally we just pick one but the whole category caught fire pic.twitter.com/o9yql2hDHM
— Eric Balchunas (@EricBalchunas) August 18, 2025
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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