On Wednesday, Bitcoin and Ethereum ETFs hit their lowest levels of 2026 following more than $900 million in cumulative outflows. Let’s take stock of this red day.
Bitcoin and Ethereum ETFs Take a Hit in the Markets
Yesterday, we discussed Bitcoin (BTC) falling below $90,000 again, amid tensions between the United States and the European Union over Denmark.
By the end of the day, Donald Trump had backed down on the issue, ruling out the prospect of new tariffs.
While the news caused gold and silver to fall and stock markets to rise, cryptocurrencies remained unfazed. While the price of BTC failed to reclaim the $90,000 level, spot Bitcoin ETFs even had their worst day of 2026, with $708.71 million in outflows.
Currently, the value of assets under management for these funds has fallen to an annual low of $116.48 billion, a direct result of falling prices and nearly $1.6 billion in outflows over three days:
Evolution of assets under management for U.S. spot Bitcoin ETFs
As for spot Ethereum ETFs: the same trend holds true, albeit on a different scale. With $229.95 billion in outflows on Wednesday, this was also the worst day of 2026 for these funds, which thus hit their lowest point since the start 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 stands at $89,750 at the time of writing, up 0.9% over the past 24 hours, the current situation raises questions. And for good reason: while the asset has yet to find a clear direction, the fact that it falls on negative macroeconomic news without managing to recover sustainably when tensions ease can be seen as a bearish signal.
