U.S. Spot Bitcoin ETFs End 13-Day Outflow Streak with $3.05M Inflow, Ether ETFs Also Halt Losses
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net inflow of $3.05 million on Thursday, breaking a 13-day outflow streak that saw $4.4 billion in redemptions since mid-May. The outflows had dragged total bitcoin ETF assets down to $80.40 billion from $104.29 billion. Despite the inflow, the amount was minimal compared to previous outflows, which often exceeded $100 million daily. BlackRock's IBIT led with $47.66 million in inflows, while Fidelity's FBTC, Bitwise's BITB, and Ark's ARKB continued to see outflows. Spot ether ETFs also ended a 17-day outflow streak, taking in $19.30 million, with BlackRock's ETHA receiving all the net inflows. Total ether ETF assets stand at $9.78 billion. In other news, Hyperliquid's HYPE ETFs continued to attract inflows, and Grayscale's HYPG fund launched with $4.70 million on its first day. The broader market remains volatile, with Bitcoin and Ether prices declining on Friday amid global risk-off sentiment.
Key facts
- Spot bitcoin ETFs broke a 13-day outflow streak with $3.05M inflow after $4.4B in redemptions.
- Bitcoin ETF assets dropped to $80.4B from $104.29B during the outflow period.
- BlackRock's IBIT led with $47.66M inflows; other funds continued to see outflows.
- Spot ether ETFs ended 17-day outflow streak with $19.30M inflow from BlackRock's ETHA.
- Hyperliquid's HYPE ETFs maintained inflows; Grayscale's HYPG fund launched with $4.70M.