On Wednesday, Bitcoin and Ethereum ETFs fell to their lowest level of 2026 after more than $900 million in cumulative outflows. Let’s take stock of this red day.
Bitcoin and Ethereum ETFs take a hit on the markets
Yesterday, we reported on Bitcoin (BTC) falling below $90,000 again, amid tensions between the US and the European Union over Denmark.
At the end of the day, Donald Trump took a more conciliatory stance on the issue, ruling out the prospect of new tariffs.
While the news led to a decline in gold and silver and a rise in the stock markets, cryptocurrencies remained stoic. While the price of BTC failed to recover to $90,000, spot Bitcoin ETFs had their worst day of 2026, with $708.71 million in outflows.
The value of assets under management by these funds has now fallen to an annual low of $116.48 billion, as a direct result of falling prices and nearly $1.6 billion in outflows over three days:
As for spot Ethereum ETFs, the same observation applies, but on a different scale. With $229.95 billion in outflows on Wednesday, it was also the worst day of 2026 for these funds, which reached their lowest point since the beginning of the month at $18.41 billion in assets under management.
For both Bitcoin and Ethereum funds, outflows of this magnitude had not been seen since November 20.
While the price of BTC is $89,750 at the time of writing, up 0.9% over the last 24 hours, the current situation raises questions. And with good reason: while the asset has yet to find a clear direction, the fact that it falls when negative macroeconomic news emerges and fails to recover sustainably when tensions ease can be seen as a bearish signal.
