Spot Bitcoin ETF AUM Hits Lowest Stage Since April 2025

Belongings in spot Bitcoin (BTC) ETFs slipped beneath $100 billion on Tuesday following a recent $272 million in outflows.

In line with information from SoSoValue, the transfer marked the primary time spot Bitcoin ETF property underneath administration have fallen beneath that degree since April 2025, after peaking at about $168 billion in October.

The drop got here amid a broader crypto market sell-off, with Bitcoin sliding beneath $74,000 on Tuesday. The worldwide cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over the previous week, in keeping with CoinGecko.

Altcoin funds safe modest inflows

The newest outflows from spot Bitcoin ETFs adopted a quick rebound in flows on Monday, when the merchandise attracted $562 million in web inflows.

Nonetheless, Bitcoin funds resumed losses on Tuesday, pushing year-to-date outflows to virtually $1.3 billion, coming consistent with ongoing market volatility.

In contrast, ETFs monitoring altcoins reminiscent of Ether (ETH), XRP (XRP) and Solana (SOL) recorded modest inflows of $14 million, $19.6 million and $1.2 million, respectively.

Is institutional adoption shifting past ETFs?

The continued sell-off in Bitcoin ETFs comes as BTC trades beneath the ETF creation price foundation of $84,000, suggesting new ETF shares are being issued at a loss and putting stress on fund flows.

Market observers say that the hunch is unlikely to set off additional mass sell-offs in ETFs.

“My guess is overwhelming majority of property in spot BTC ETFs keep put regardless,” ETF analyst Nate Geraci wrote on X on Monday.

Thomas Restout, CEO of institutional liquidity supplier B2C2, echoed the sentiment, noting that institutional ETF buyers are usually resilient. Nonetheless, he hinted {that a} shift towards onchain buying and selling could also be underway.

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“The good thing about establishments coming in and shopping for ETFs is that they’re much more resilient. They are going to sit on their views and positions for longer,” Restout mentioned in a Rulematch Spot On podcast on Monday.

“I feel the following degree of transformation is establishments truly buying and selling crypto, relatively than simply utilizing securitized ETFs. We’re anticipating the following wave of establishments to be those buying and selling the underlying property straight,” he famous.