CoinDesk
U.S. spot bitcoin ETFs lost a net $95 million on Thursday, per SoSoValue data, while ether ETFs shed roughly $52 million, ending a five-day inflow streak that had been the steadier side of the market.
Fidelity's FBTC drove the bitcoin outflow with about $63 million, followed by ARKB near $40 million. BlackRock's IBIT was flat, neither adding nor losing money, and only VanEck's HODL and Morgan Stanley's MSBT were in the green. Total spot bitcoin ETF assets sit near $77 billion.
Why it matters
Ether's reversal was broader. Fidelity's FETH lost about $34 million and BlackRock's ETHA roughly $13 million, with Bitwise and BlackRock's second fund also negative. No ether fund posted an inflow on the day, leaving net ETH ETF assets at around $9 billion. The symmetry is the story: bitcoin outflows concentrated in two issuers, but ether funds bled across the board.
Market impact
The flows are lagging the tape. Bitcoin rose 3.5% on Friday to nearly $64,000, up 4.2% on the week, recovering the ground it lost when Trump warned that strikes on Iran could intensify. Ether added 2.6% to $1,760. The bid came out of Asia, where South Korea's Kospi jumped 4% on renewed AI-demand optimism and SK Hynix priced $26.5 billion of American depositary shares. Institutional money has now sat out most of a month in which bitcoin has traded between roughly $59,000 and $66,000 without breaking either way.
Frequently asked questions
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Which bitcoin ETFs had the biggest outflows on Thursday?
Fidelity's FBTC led with about $63M out, followed by ARKB near $40M. BlackRock's IBIT was flat, and only VanEck's HODL and Morgan Stanley's MSBT were in the green.
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Did any ether ETF post a positive flow that day?
No. Every spot ether ETF reported was negative, led by Fidelity's FETH at roughly $34M and BlackRock's ETHA at about $13M, with Bitwise and BlackRock's second fund also down.
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Why did the ETF flows go out when bitcoin and ether rallied?
The flows reflect Thursday's tape, which lagged the Friday rebound. Bitcoin was recovering from a dip tied to Trump's warning that Iran strikes could intensify, so the two sessions captured opposite sentiment.
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How much do U.S. spot bitcoin and ether ETFs currently hold?
Total spot bitcoin ETF assets sit near $77 billion, and spot ether ETF net assets are around $9 billion.
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What drove the Friday rebound in crypto?
The bid came out of Asia, with South Korea's Kospi up 4% on renewed AI-demand optimism and SK Hynix pricing $26.5B of American depositary shares, lifting risk assets into the U.S. open.
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TheBlock
CoinTelegraph