Spot Bitcoin ETFs End Outflow Streak as Ether Funds Continue to Face Pressure

U.S. spot Bitcoin ETFs recorded net inflows of $85.8 million on Friday, ending a five day outflow streak that had pulled hundreds of millions of dollars from the sector. While the positive session provided some relief, the funds still finished the week with approximately $315.8 million in net redemptions.

The previous five trading days saw around $727.4 million leave Bitcoin ETFs, with June 5 marking the biggest single day outflow at $325.7 million. The latest weekly decline was notably smaller than the previous two weeks, which saw roughly $1.7 billion and $1.4 billion in withdrawals respectively.

BlackRock IBIT Leads Daily Inflows

BlackRock’s IBIT attracted $57.7 million in net inflows on Friday, making it the strongest-performing fund of the day. Fidelity’s FBTC followed with $18 million in inflows. No spot Bitcoin ETF reported net outflows during the session.

IBIT remains the largest spot Bitcoin ETF, holding $48.7 billion in net assets. The fund’s Bitcoin holdings account for about 3.8% of the circulating supply. However, its net assets are now around $13.4 billion below its cumulative net inflows of $62.1 billion, reflecting Bitcoin’s recent price decline to nearly $64,180.

Ether ETFs Continue Four-Day Outflow Streak

Spot Ether ETFs extended their losing streak with $4.9 million in net outflows on Friday, marking a fourth consecutive day of withdrawals. The funds ended the week down approximately $14.9 million, although a strong $82.4 million inflow earlier in the week helped limit overall losses.

The sector has accumulated $11.2 billion in total net inflows since launch, but current net assets stand at only $9.2 billion. That leaves Ether ETFs roughly $2 billion below cumulative inflows as Ether trades near $1,680. The decline highlights the ongoing pressure on Ethereum focused investment products despite continued institutional participation.