CoinDesk
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, a fifth straight session of inflows.
The bitcoin outflow was broad. 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 only one in the green at nearly $53 million. Total bitcoin ETF assets fell to about $75 billion.
Why it matters
The flow split is the real signal, not the headline number. Three straight sessions of inflows had rebuilt the BTC bid; a single $85M outflow day unwinds that, but ETH has now logged five consecutive positive sessions. That divergence matches price action: BTC traded near $62,300 and ETH near $1,740, both down about 3% on the day, but ether has outperformed over the past two weeks as the Lean Ethereum roadmap and returning ETF demand gave it a story bitcoin has lacked.
Market impact
The GBTC drag is structural, not a sentiment shock: GBTC has been bleeding since its January 2024 conversion and the $64M day tracks that baseline. IBIT's $59M outflow is the cleaner read on institutional appetite, and it is the first meaningful reversal since the prior week's inflow streak began. On the ETH side, FETH's $69M share is the dominant contributor again, with ETHV a rounding error and the rest flat, leaving total ether ETF assets near $9 billion and momentum still pointing the same direction as the past two weeks.
Frequently asked questions
-
How much did U.S. spot bitcoin ETFs lose on Wednesday?
U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, per SoSoValue data, ending a three-day inflow run that had pulled in roughly $509 million.
-
Which bitcoin ETFs had the largest outflows?
Grayscale's GBTC led with nearly $64 million lost, BlackRock's IBIT shed roughly $59 million, and Fidelity's FBTC gave up about $15 million. Grayscale's mini BTC fund was the only fund in the green at nearly $53 million.
-
How did ether ETFs perform the same day?
Ether ETFs took in about $70 million, marking a fifth straight session of inflows. Fidelity's FETH led with roughly $69 million, VanEck's ETHV added just over $1 million, and every other fund was flat.
-
Why has ether outperformed bitcoin over the past two weeks?
Per the seed, ether has outperformed on the Lean Ethereum roadmap narrative and returning ETF demand, giving ETH a story bitcoin has lacked. Both assets were down about 3% on the day but ETH held relative strength over the two-week window.
-
What are current total assets held by U.S. spot bitcoin and ether ETFs?
Total spot bitcoin ETF assets fell to about $75 billion after the outflow day, while spot ether ETF assets sit at approximately $9 billion, per SoSoValue data.
Crypto Rank News
WuBlockchain
CoinTelegraph
CryptoSlate
WatcherGuru
TheBlock