Обвал инвестиций в спотовые биткоин-ETF: второй крупнейший отток средств на $870 миллионов Translation: Collapse of investments in spot Bitcoin ETFs: second largest outflow of funds at $870 million

As of the latest trading session on November 13, a total of $869.9 million was withdrawn from exchange-traded funds (ETFs) based on the leading cryptocurrency. This marks the second-largest outflow since the introduction of these instruments.

Grayscale’s BTC reported the worst performance, losing $318 million, while 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 was noted on February 25, when the daily total surpassed $1 billion.

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

Vincent Liu, the investment director at Kronos Research, attributed the significant outflow to a shift in investment strategies amid macroeconomic uncertainty. He indicated that market participants are reassessing their positions in favor of less risky assets.

«This pressures short-term dynamics but does not undermine structural demand,» he added in a comment to The Block.

This record outflow coincided with a drop in the price of the leading cryptocurrency below $100,000. As of the time of writing, Bitcoin is trading around $97,600, according to TradingView.

ETFs focused on the second-largest cryptocurrency in terms of market capitalization recorded an outflow of $259.7 million.

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

The Solana ETFs launched at the end of October defied the overall trend, logging a minor capital inflow of $1.4 million. The total amount of funds raised has now exceeded $370 million.

On November 13, trading also commenced on the Nasdaq for a spot ETF based on XRP under the ticker XRPC. This product was launched by Canary Capital.

The trading volume reached $58 million, the highest among all ETFs launched this year, noted Bloomberg analyst Eric Balchunas. This figure surpassed expectations, as the expert had predicted around $17 million.

As of the time of writing, there is no official statistics on the total raised funds.

Canary 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 global use cases.»

The coin’s price did not react to the advent of this instrument; over the past 24 hours, the XPR rate has dropped by 8.2%, currently trading at $2.2.

It is worth noting that on November 10, the American provider of post-trading, clearing, and settlement services for the financial market, DTCC, added five spot XRP ETFs that are in the pre-launch stage to its roster.

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