Bitcoin ETF Outflows Resume as Ether Funds Maintain Inflows

U.S. spot bitcoin ETFs experienced net outflows of $85 million on Wednesday, ending a three-day inflow streak that had attracted approximately $509 million, according to SoSoValue data. Ether ETFs disclosed around $70 million in inflows, marking their fifth consecutive day of positive movement.

Bitcoin’s decline saw significant outflows from major providers. BlackRock’s IBIT recorded a loss of about $59 million, Grayscale’s GBTC lost nearly $64 million, and Fidelity’s FBTC contributed a $15 million outflow. Noteworthy was Grayscale’s smaller BTC fund, which reported a $53 million inflow, remaining the sole positive performer among bitcoin ETFs. Total bitcoin ETF assets declined to approximately $75 billion.

Ether’s inflow pattern remained consistent but constrained. Fidelity’s FETH led with $69 million in investments, while VanEck’s ETHV added over $1 million. All other ether ETFs remained flat. Ether ETF assets remain lower at around $9 billion compared to bitcoin’s scale.

The contrasting flows align with price action. Both bitcoin ($62,300) and ether ($1,740) traded roughly 3% lower on the day. However, ether has outperformed over the past two weeks, driven by discussions around the Lean Ethereum roadmap and renewed ETF demand, creating a narrative bitcoin currently lacks.

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