Live markets: Bitcoin ETFs slip back to outflows while ether funds extend their streak
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- U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, ending a three-day inflow run that had pulled in roughly $509 million, per SoSoValue data.
- Ether ETFs took in about $70 million the same day, extending a fifth straight session of inflows.
- Bitcoin outflows were broad-based: BlackRock's IBIT shed roughly $59 million, Grayscale's GBTC lost nearly $64 million, and Fidelity's FBTC gave up about $15 million.
- Grayscale's mini BTC fund was the lone bitcoin ETF in the green at roughly $53 million; total bitcoin ETF assets fell to about $75 billion.
- Ether's inflows concentrated in Fidelity's FETH (~$69 million), with VanEck's ETHV adding just over $1 million and every other fund flat; ether ETF assets now sit at ~$9 billion.
- Bitcoin traded near $62,300 and ether near $1,740, both down about 3% on the day, though the article notes ether has outperformed over the prior two weeks as the Lean Ethereum roadmap and returning ETF demand gave it a narrative bitcoin has lacked.
Why it matters: The flow split shows a real rotation inside crypto ETF desks: ether's $9 billion product base is absorbing a fifth straight session of inflows while bitcoin's $75 billion pool saw broad redemptions from its three largest issuers (IBIT, GBTC, FBTC) on the same day. For allocators, the Lean Ethereum roadmap referenced in the piece appears to be doing the narrative heavy-lifting ETH needs right now — a counterweight bitcoin currently lacks as its three-day inflow run evaporates.
