Bitcoin ETFs finally broke their 10-day inflow streak with a sharp $359 million in outflows led by Fidelity and Grayscale. Meanwhile, ether ETFs defied the trend, posting their ninth consecutive day of inflows, totaling $91.93 million.
Bitcoin ETF Streak Ends With $359 Million Outflow as Ether ETFs Keep Momentum
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs End 10-Day Inflow Streak as Ether ETFs Push to Day 9 With $92 Million Inflow
After 10 days of relentless inflows, bitcoin exchange-traded funds (ETFs) hit a roadblock. The streak ended with a $358.65 million net outflow, the result of broad exits across eight major funds.
Fidelity’s FBTC led the exodus with a $166.32 million pullback, followed by Grayscale’s GBTC ($107.53 million) and Ark 21Shares’ ARKB ($89.22 million). Additional red prints showed up at Bitwise’s BITB ($70.85 million), Invesco’s BTCO ($20.05 million), Vaneck’s HODL ($11.98 million), Valkyrie’s BRRR ($11.67 million), and Franklin’s EZBC ($6.13 million).
The lone green light came from Blackrock’s IBIT, bringing in $125.09 million. Despite the heavy outflows, trading activity hit a significant $5.39 billion, with net assets slightly dipping to $128.13 billion.
In contrast, ether ETFs extended their inflow momentum to a 9th consecutive day, securing $91.93 million. The lion’s share came from Blackrock’s ETHA ($50.45 million) and Fidelity’s FETH ($38.31 million), supported by Bitwise’s ETHW ($4.55 million) and Grayscale’s Ether Mini Trust ($3.24 million).
A minor $4.62 million outflow was logged by Grayscale’s ETHE, but it barely dented the day’s net gains. Ether ETF trading volumes reached $552.39 million, with total net assets climbing to $9.63 billion.
Despite bitcoin ETFs cooling off, institutional appetite for crypto exposure, especially in ether products, remains firm.
