Bitcoin ETFs saw their 2nd consecutive day of outflows, shedding $616 million in capital, with Blackrock’s IBIT leading the retreat. Meanwhile, ether ETFs extended their winning streak to 10 days, fueled solely by Blackrock’s ETHA.
Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave
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Bitcoin ETFs Slide for Second Day As Blackrock’s IBIT Leads Withdrawals
After 10 days of bullish momentum, bitcoin ETFs appear to be facing a short-term correction. For the 2nd day in a row, the sector saw significant outflows, totaling $616.22 million.
Blackrock’s IBIT, the fund that has consistently led inflows in recent weeks was at the center of the exit with a massive $430.82 million withdrawal. Ark 21shares’ ARKB followed with $120.14 million in outflows.
Additional redemptions came from Bitwise’s BITB ($35.33 million), Grayscale’s Bitcoin Mini Trust ($16.22 million), and Fidelity’s FBTC ($13.71 million). No inflows were reported across the remaining seven ETFs. Trading volume remained high at $3.39 billion, while total net assets dipped to $126.15 billion.
In contrast, ether ETFs continued their quiet winning streak, posting a tenth consecutive day of inflows. The entire $70.24 million influx came from Blackrock’s ETHA, underscoring the institutional preference for the fund. No other ETF saw action. The total value traded came in at $485.80 million, with net assets holding steady at $9.45 billion.
While bitcoin ETFs face some near-term selling pressure, ether’s growing momentum, especially backed by a single dominant fund, signals continued investor confidence ahead of key regulatory and macroeconomic catalysts.
