Ethereum and Bitcoin ETFs bleed $1.7B as investor nerves kick in – Why now?

But will altcoin approvals save the market after Bitcoin and Ethereum’s $1.7B outflow shock? Fidelity’s FBTC led with $330.4 million in outflows, followed by Ark 21Shares’ ARKB. Even BlackRock’s IBIT, a usually strong performer, wasn’t spared, shedding $37.3 million. They faced $795.6M redemptions. Fidelity’s FETH led with $362M outflows, while BlackRock’s ETHA saw $199.9M. Only ETHE and TETH gained.