Спотовые биткоин-ETF переживают рекордный отток средств на фоне волатильности рынка Translation: Spot Bitcoin ETFs Experience Record Outflows Amid Market Volatility

On November 13, following the latest trading session, cryptocurrency exchange-traded funds (ETFs) based on Bitcoin experienced an outflow of $869.9 million. This marks the second-largest withdrawal since these instruments were introduced.

The worst performance was seen by Grayscale’s BTC, which lost $318 million. Grayscale’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC saw declines of $256 million, $119 million, and $64 million, respectively.

The previous record for outflows occurred on February 25, when the total daily outflow surpassed $1 billion.

The total assets under management have dropped again below $60 billion, now standing at $59.4 billion.

Vincent Liu, the investment director at Kronos Research, attributed the significant outflows to a shift in investment strategy amid macroeconomic uncertainties. He noted that market participants are reassessing their positions in favor of less risky assets.

“This puts pressure on short-term dynamics but does not undermine structural demand,” he added in comments to The Block.

This record outflow coincided with a decline in the price of Bitcoin, which fell below $100,000. At the time of writing, Bitcoin is trading around $97,600, according to TradingView.

ETFs focused on Ethereum, the second-largest cryptocurrency by market capitalization, recorded outflows of $259.7 million.

The lowest performers were BlackRock’s ETHA (-$137 million), ETHE (-$67 million), and Grayscale’s ETH (-$35 million).

Launched in late October, Solana ETFs went against the general trend and recorded a modest capital inflow of $1.4 million, with total raised funds exceeding $370 million.

On November 13, trading also commenced for a spot XRP ETF on the Nasdaq under the ticker XRPC, introduced by Canary Capital.

The trading volume reached $58 million, marking the best result among all ETFs launched this year, noted Bloomberg analyst Eric Balchunas, who had initially expected around $17 million.

As of now, there is no official data available on the total amount of funds raised.

Canary’s CEO, Stephen McClurg, believes that the XRP ETF will “easily” surpass the performance of Solana-based ETFs, attributing this to the “exceptional liquidity of the asset and its global use cases.”

The price of the coin did not react to the introduction of the new instrument. Over the last 24 hours, the price of XRP dropped by 8.2%, currently trading at $2.2.

As a reminder, on November 10, the American provider of post-trading, clearing, and settlement services for the financial market, DTCC, added five spot XRP ETFs to its list, which are currently in a preliminary launch phase.

This includes the Canary product, as well as funds from Bitwise, Franklin Templeton, 21Shares, and CoinShares.