According to Woofun AI, the US-listed BTC and ETH spot ETFs experienced a net outflow of more than 500 million US dollars in a single day. Among them, BLK.US (BlackRock)'s core products became the hardest hit area for redemptions, exacerbating the capital outflow trend in the digital asset investment sector.
This withdrawal of funds is particularly intense in large ETFs managed by BlackRock. Statistics from data provider Farside Investors on the 2nd EST show that the BTC spot ETF had a net outflow of USD 398.6 million (approximately KRW 535.4 billion) on the same day, while the ETH spot ETF had outflows of USD 139.7 million (approximately KRW 187.6 billion). The combined net outflow of the two reached USD 5038.3 million (approximately 723 billion won).
Notably, BlackRock's BTC spot ETF IBIT and ETH spot ETF ETHA products alone contributed about USD 543.6 million (approximately 732 billion won) in net capital outflows. This amount shows that the redemption pressure for leading institutional products is extremely high. Among all BTC spot ETFs, BlackRock's IBIT was the product with the largest net outflow, with an outflow of around $405.3 million (approximately KRW 544.4 billion) on the same day. Since its listing, IBIT has accumulated net capital inflows of US$65.95 billion (approximately 88 trillion KRW 523.6 billion). In contrast, Fidelity (Fidelity)'s FBTC recorded a net capital inflow of approximately $6.7 million (approximately 9 billion won), making it the product that attracted the most new capital in the BTC spot ETF on the same day. Its cumulative net capital inflow was approximately US$101.8 billion (approximately 13 trillion KRW 673.8 billion). Since both FBTC and MSSE had net inflows on the same day, the combined outflow of BlackRock's two products was slightly higher than the total net outflow of the entire market.
Although some products have seen new capital inflows, the scale of these inflows is far insufficient to offset the scale of redemptions for larger products.
Judging from the time dimension, this outflow of funds is not an isolated incident. On the 30th of last month (local time), the BTC spot ETF also experienced a net outflow of US$643.2 million (approximately KRW 863.9 billion). Although the net outflow on the 2nd of this month was lower than on the previous trading day, the total capital outflow for these two days was still as high as 1 billion 41.8 million US dollars (about 1 trillion 399.3 billion won).
According to data compiled by Woofun AI, the situation of ETH spot ETFs is also serious. There was a net capital outflow of US$139.7 million (approximately KRW 187.6 billion) on the same day, and capital outflows have occurred for 6 consecutive trading days. Among them, BlackRock's ETHA product had a net capital outflow of approximately US$138.3 million (approximately KRW 185.8 billion), making it the product with the largest outflow, with a cumulative net capital inflow of US$11.7 billion and US$31 billion (approximately 15 trillion KRW 757.1 billion). BlackRock's other ETH ETF, ETHB, also had a net outflow of around $4.6 million (about 6.2 billion won).
Among ETH spot ETFs, MSSE, an Ethereum trust product of Morgan Stanley (MS.US) (Morgan Stanley), recorded capital inflows of about US$3.2 million (about 4.3 billion won), indicating a certain demand for purchases. The ETH spot ETF had a net outflow of funds for 5 consecutive trading days from the 26th to the 30th of last month, and this trend continued on the first trading day of this month. Following the capital outflow of 155.7 million US dollars (about 209.1 billion won) on the 30th of last month, there was another capital outflow of 139.7 million US dollars (about 187.6 billion won) on the 2nd. From this, it can be seen that capital inflows through institutional investment products are still difficult to recover.
The net outflow of funds for many consecutive days shows that institutional investors' willingness to allocate BTC and ETH spot ETFs is weakening. In particular, products from leading managers such as BlackRock are facing greater redemption pressure. Although some Fidelity and Morgan Stanley products recorded small inflows, the overall market was dominated by large-scale capital withdrawals.
If this trend continues, it may have a negative impact on market sentiment and price stability. Following large-scale outflows at the end of last month, institutional capital once again showed a cautious attitude, reflecting the decline in investors' risk appetite for digital asset ETFs in the current market environment.