Bitcoin, Ethereum ETFs Shed Over $1 Billion in Assets as XRP Fund Soars

In brief

Spot Bitcoin and Ethereum ETFs shed more than $1 billion in assets combined.
The iShares Bitcoin Trust finished with more than a quarter billion in net outflows.
The outflow totals came as crypto markets sagged with Bitcoin returning to its lowest level in six months.

On a day when the new XRP exchange-traded fund set a 2025 record for daily net inflows, established Bitcoin and Ethereum funds endured one of their worst days for investments.

On Thursday, the 11 spot BTC ETFs shed nearly $867 million in assets, the second highest total in their 22-month history, while the nine ETH funds bled an additional $260 million, according to UK asset manager Farside Investors.

The outflows occurred on a rocky day for digital assets, with Bitcoin dropping below $98,500 for the first time in more than six months–about 20% off its record high set in early October, according to crypto markets data provider CoinGecko. BTC plunged even deeper later Friday morning, dipping below $97,000.

Ethereum and Solana hit four- and five-month lows as investors continued an exodus from risk-on assets–tech stocks included–a result of the shaky U.S. economic and political environment.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin fund with more than $80 billion in assets under management, led the declines with more than a quarter of billion in outflows. The Fidelity Wise Origin Bitcoin Fund (FBTC), the second largest Bitcoin fund by AUM, dropped more than $119 million in investments.

Interest in those funds has sagged in recent weeks with IBIT hemorrhaging more than $1 billion since over the last 13 trading days and FBTC more than $681 million.

Meanwhile, Canary Capital’s spot XRP ETF (XRPC) opened with $58 million in first-day trading volume, the strongest debut of any exchange-traded fund this year.

Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL‘s $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025

The scale of flows was unexpected with Bloomberg Senior ETF Analyst Eric Balchunas initially projecting around $17 million for XRPC. The fund cleared that within half an hour, and narrowly bested the performance of the Bitwise Solana Staking ETF (BSOL), which opened with $57 million when it launched two weeks ago.

BSOL has already generated more than $550 million in net inflows, although on Thursday it totaled just $1.5 million.