Bitcoin and Ether ETFs Lose $152M as Blackrock Drives Friday Selloff

U.S. crypto ETFs closed Friday under renewed selling pressure, with bitcoin funds losing $82.39 million and ether ETFs shedding another $69.68 million. Solana, XRP and zcash also finished lower, while NEAR once again attracted fresh capital. The week ended much as it had traded: with institutional investors still cutting exposure across the largest digital assets. Bitcoin ETFs recorded $82.39 million in net outflows on Friday. Blackrock’s IBIT accounted for $71.78 million, while Fidelity’s FBTC lost another $10.61 million. Trading value reached $2.66 billion, lifting weekly bitcoin ETF turnover above $10 billion. Net assets closed at $104.29 billion. That volume is important. Investors were not simply stepping away from the market. They remained active while reducing exposure. Across the five sessions, bitcoin ETFs lost roughly $228.6 million.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.