Bitcoin, Ether ETFs bleed on Tuesday as risk-off sentiment grips global markets

US spot Bitcoin and Ether exchange-traded funds recorded heavy net outflows on Tuesday, reflecting the intensifying macro-driven selloff that has swept across global financial markets and weighed heavily on digital assets.

According to data from Farside Investors, spot Bitcoin ETFs posted total net outflows of about $480 million on Tuesday across eight funds.

Grayscale’s GBTC led the withdrawals, with $160.8 million exiting the fund, followed by Fidelity’s FBTC, which recorded $152 million in outflows.

The selling pressure extended a weak trend from the end of last week, when spot Bitcoin ETFs shed roughly $395 million in net outflows on Friday.

Spot ether ETFs also saw a sharp reversal. Funds tracking Ethereum recorded $230 million in net outflows across six products, snapping a five-day streak of positive inflows.

BlackRock’s iShares Ethereum Trust (ETHA) accounted for a large share of the selling, with $92.3 million leaving the fund in a single session.

Macro pressure drives crypto ETF selling

The ETF outflows came amid a broader downturn in the cryptocurrency market.

Bitcoin fell below $89,000 earlier on Tuesday, retreating sharply after trading above $97,000 just a week earlier.

Ether also moved lower, slipping back below the $3,000 level as selling pressure intensified across major digital assets.

Market participants have largely attributed the pullback to rising macroeconomic and geopolitical uncertainty.

In particular, the escalating trade dispute between the United States and the European Union over President Donald Trump’s push for US control of Greenland has unsettled investors and triggered a widespread shift away from risk assets.

That risk-off move has not been limited to crypto. Global equity markets and bond markets have also been volatile, with sharp moves in yields and currencies amplifying investor caution.

Digital assets, which often trade as high-beta risk assets during periods of stress, were swept up in the broader selloff.

XRP ETFs see record outflows, Solana bucks trend

Other crypto-linked ETFs mirrored the weakness seen in Bitcoin and ether products.

Spot XRP ETFs reported $53.3 million in net outflows on Tuesday, marking the largest single-day redemption since the funds launched.

The move underscored how quickly sentiment has shifted even for products that had previously shown more stable inflow patterns.

Spot Solana ETFs stood out as an exception. The products recorded $3 million in net inflows on the day, suggesting selective interest in certain altcoins despite the broader market drawdown.

However, the inflows were modest relative to the scale of selling seen in Bitcoin, ether and XRP funds.

Signs of stabilisation emerge

Crypto prices showed tentative signs of stabilisation on Wednesday following Tuesday’s sharp selloff.

Bitcoin hovered near $90,000 in early trading, holding above the intraday lows set during the height of the risk-off move.

Ether rose modestly after falling more than 4% in the previous session, while Solana, Cardano and XRP also pared losses.

The pause in selling coincided with easing pressure in global bond markets.

Japanese government bonds rebounded after a sharp selloff earlier in the week, with yields on ultra-long-dated debt falling after officials urged calm.

The stabilisation in bonds helped reduce stress across other asset classes.

US equity futures also edged higher, signalling a tentative break from the panic that rattled markets earlier in the week.

The improvement in broader market sentiment provided some breathing room for cryptocurrencies, which had been hit hard as investors rushed to reduce their exposure to volatile assets.

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