Bitcoin and ether ETFs snap record outflow streaks

U.S. spot bitcoin ETFs logged a net inflow of $3.05 million on Wednesday, ending a 13-session redemption streak that had drained more than $4.4 billion from the cohort since mid-May — pulling total BTC ETF assets down from $104.29 billion to $80.40 billion. BlackRock's IBIT absorbed $47.66 million on the day while Fidelity's FBTC, Bitwise's BITB, and Ark's ARKB continued to bleed.

Why it matters

The streak's end is a technical milestone, but the size of the reversal matters as much as the direction. A $3 million bitcoin inflow against $4.4 billion in prior redemptions is statistical noise, not a regime shift. Total bitcoin ETF holdings now sit at 1.277 million BTC — down 7.2% from their October 2025 peak of 1.376 million BTC and barely above the February 23 low of 1.274 million BTC. Ether ETFs broke their own 17-day outflow streak with $19.30 million in net inflows, the entire figure driven by BlackRock's ETHA, with every other ether fund flat. Total ETH ETF assets stand at $9.78 billion, still roughly $2 billion below their peak.

Market impact

The macro backdrop complicates any bullish read: bitcoin was trading at $63,629 when the inflow printed and slid to $62,715 in Asian hours, while ether dropped to $1,696. The broader risk-off move was amplified by Broadcom's outlook miss and a 4.7% KOSPI selloff. Deribit flags $60,000 as the key structural level to watch — it represents the primary institutional cost basis and a major derivatives strike where a decisive break lower could trigger mechanical selling. The one genuinely clean bright spot is Hyperliquid's HYPE ETF complex, which has posted net inflows every single trading day since its May 12 launch, reaching $185.68 million in AUM.