Bitcoin ETFs Return to Outflows as Ether Funds Extend Inflow Streak

U.S. spot bitcoin exchange-traded funds slipped back into outflows on Wednesday, losing a net $85 million and ending a three-day inflow streak that had brought in roughly $509 million, according to CoinDesk citing SoSoValue data. Ether ETFs continued to attract capital, taking in about $70 million for their fifth consecutive session of inflows.

The divergence matters because ETF flows are one of the clearest public signals of institutional and brokerage-platform demand for the two largest crypto assets. In this session, bitcoin funds showed broad weakness while ether products kept building a steadier inflow pattern, suggesting investors were treating the two assets differently even as both traded lower on the day.

The bitcoin outflows were led by several of the largest products. 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 exception, adding nearly $53 million, while total bitcoin ETF assets fell to about $75 billion.

Ether ETF inflows came from a narrower set of funds. Fidelity’s FETH accounted for roughly $69 million, while VanEck’s ETHV added just over $1 million and the rest of the group was flat. Total ether ETF assets stood at about $9 billion.

The fund-flow split came alongside weaker spot prices, with bitcoin near $62,300 and ether near $1,740, both down about 3% on the day. CoinDesk noted that ether had outperformed over the previous two weeks as the Lean Ethereum roadmap and renewed ETF demand gave it a clearer market narrative than bitcoin.