Bitcoin ETFs see $85M outflows as Ether ETFs gain $70M, continuing a five-day inflow streak.
U.S. spot Bitcoin ETFs experienced a net outflow of $85 million on Wednesday, ending a three-day inflow streak totaling about $509 million. Major Bitcoin funds like BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC all saw significant outflows, while Grayscale's mini BTC fund was the only one with inflows. Meanwhile, Ether ETFs continued their positive trend with $70 million in inflows, led by Fidelity's FETH. Bitcoin ETF assets dropped to around $75 billion, while Ether ETF assets remain at about $9 billion. This shift aligns with recent price movements, as Bitcoin and Ether both fell about 3% on the day, but Ether has outperformed Bitcoin over the past two weeks due to renewed ETF demand and developments like the Lean Ethereum roadmap.
U.S. spot Bitcoin ETFs experienced a net outflow of $85 million on Wednesday, ending a three-day inflow streak totaling about $509 million. Major Bitcoin funds like BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC all saw significant outflows, while Grayscale's mini BTC fund was the only one with inflows. Meanwhile, Ether ETFs continued their positive trend with $70 million in inflows, led by Fidelity's FETH. Bitcoin ETF assets dropped to around $75 billion, while Ether ETF assets remain at about $9 billion. This shift aligns with recent price movements, as Bitcoin and Ether both fell about 3% on the day, but Ether has outperformed Bitcoin over the past two weeks due to renewed ETF demand and developments like the Lean Ethereum roadmap.
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