Key Takeaways:
- Bitcoin ETFs saw $14.76M inflows as Blackrock IBIT added $26.61M after a 3-day slump.
- Ether ETFs lost $23.64M, led by Blackrock ETHA’s $50.57M outflow in 4th straight drop.
- XRP and Solana ETFs lost $5.83M and $1.24M, respectively, with potential for inflows only returning if bitcoin rebound holds.
Investors Trade $340M in Ether ETFs as $23.6M Outflows Extend Weakness
The mood across crypto exchange-traded funds (ETFs) shifted again, though not in unison. Bitcoin products edged back into positive territory, but the rebound was narrow and uneven beneath the surface.
Bitcoin ETFs posted a net inflow of $14.76 million, breaking a three-day run of outflows. The headline figure, however, masked persistent selling across several funds. Valkyrie’s BRR led the exits with $8.62 million, followed by Ark & 21Shares’ ARKB at $6.34 million and Grayscale’s GBTC at $5.94 million. Invesco’s BTCO, Bitwise’s BITB, and Vaneck’s HODL also recorded smaller outflows.
The turnaround came from two heavyweight issuers. Blackrock’s IBIT drew in $26.61 million, while Fidelity’s FBTC added $19.05 million, more than offsetting the broader selling pressure. Trading activity remained steady at $1.40 billion, with total net assets climbing back to $100.53 billion.
Ether ETFs told a different story. The group extended its losing streak to four consecutive days, with net outflows of $23.64 million. Blackrock’s ETHA accounted for the bulk of the decline, shedding $50.57 million. Additional outflows were seen in Bitwise’s ETHW, Grayscale’s ETHE, and Fidelity’s FETH.
There were, however, pockets of demand. Blackrock’s ETHB attracted $29.10 million, continuing to serve as a key inflow channel, while Grayscale’s Ether Mini Trust added $4.72 million. These gains softened but did not reverse the overall negative flow. Trading volumes came in at $339.87 million, with net assets ending at $13.25 billion.
Beyond the major assets, flows weakened. XRP ETFs recorded net outflows of $5.83 million, all of it tied to Bitwise’s XRP product. Despite relatively modest trading activity of $16.90 million, the move marked a shift from the prior day’s inflows. Net assets held at $1.04 billion.
Solana ETFs also broke their recent inactivity streak, but not in a positive direction. Grayscale’s GSOL posted a $1.24 million outflow, the sole movement after three days of no trading. Total value traded reached $23.51 million, with net assets closing at $849.48 million.
The broader picture remains one of hesitation. Bitcoin’s return to inflows suggests that institutional demand has not disappeared, but the uneven distribution of capital points to a more selective approach. At the same time, continued weakness in ether and renewed outflows in smaller assets indicate that investors are still recalibrating risk.
For now, the market is steady but cautious. Whether bitcoin’s rebound can build into a stronger trend may depend on how quickly confidence returns across the wider ETF landscape.
