Bitcoin ETFs Slide Back Into Outflows as Ether Funds Keep Winning Streak Alive

U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, snapping a three day inflow run that had brought in roughly $509 million, according to SoSoValue data. Ether ETFs, meanwhile, pulled in about $70 million, marking a fifth straight day of gains.

Bitcoin Funds See Broad-Based Losses

The bitcoin outflows were spread across major issuers. BlackRock’s IBIT shed around $59 million, Grayscale’s GBTC dropped nearly $64 million, and Fidelity’s FBTC lost about $15 million. Grayscale’s mini BTC fund was the lone bright spot, adding close to $53 million. Total assets held across bitcoin ETFs slipped to roughly $75 billion.

Ether ETFs Keep Attracting Money

Ether’s inflows came from fewer funds but stayed consistent with recent trends. Fidelity’s FETH led the pack with about $69 million, while VanEck’s ETHV added just over $1 million; the rest of the funds saw no change. Ether ETF assets now total around $9 billion.

Bitcoin traded near $62,800 and ether near $1,742, both down roughly 2% on the day. Still, ether has outperformed bitcoin over the past two weeks, helped by the Lean Ethereum roadmap and renewed ETF demand.