Bitcoin ETFs reversed course with a sharp $278 million net outflow, driven by exits from seven major funds. Meanwhile, ether ETFs extended their green run to 14 straight days, netting a $11.26 million inflow.
Ether ETFs Push Green Streak to 14 Days as Outflows Return to Bitcoin ETFs
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs Slide With $278 Million Outflow But Ether ETFs Hold Strong With $11 Million Inflow
Investor sentiment wavered again as bitcoin ETFs registered a sharp $278.44 million outflow, breaking a short-lived recovery and signaling renewed caution in the market.
Seven of the 12 U.S. bitcoin ETFs shed capital. Ark 21shares’ ARKB led the pullback with a hefty $102.03 million outflow, followed by Fidelity’s FBTC, which saw $80.17 million exit the fund.
Other notable outflows included Bitwise’s BITB ($36.73 million), Grayscale’s GBTC ($24.09 million), and Grayscale’s Bitcoin Mini Trust ($16.70 million). Even Invesco’s BTCO and Vaneck’s HODL weren’t spared, logging $12.20 million and $6.51 million in exits, respectively. Not a single ETF reported an inflow, making the session particularly one-sided.
Trading volume hit a high of $4.47 billion, while net assets for bitcoin ETFs slipped to $122.98 billion.
Ether ETFs, on the other hand, notched their 14th consecutive day of inflows, adding $11.26 million to the growing momentum. Blackrock’s ETHA fueled the inflow with $34.65 million, but Fidelity’s FETH dragged slightly, posting a $23.40 million outflow. Despite the minor tug-of-war, the positive streak remained intact.
Ether ETF trading volume reached $571.70 million, with net assets closing at $9.55 billion, another testament to growing institutional confidence in ETH exposure.
