Bitcoin and Ether ETFs end record multi-billion outflow streak

U.S. spot bitcoin ETFs recorded a tiny net inflow of $3.05 million on Wednesday, breaking a 13-session buyback streak that has drained more than $4.4 billion from the cohort since mid-May.

The outflows caused total Bitcoin ETF assets to drop to $80.40 billion from $104.29 billion at the start of the streak.

BlackRock’s IBIT, the largest fund in the category, absorbed $47.66 million while Fidelity’s FBTC, Bitwise’s BITB and Ark’s ARKB continued to bleed, according to SoSoValue data.

Total Bitcoin assets under management (AUM) in US spot Bitcoin ETFs stand at 1.277 million BTC, according to CheckonChain. That’s slightly above the February 23 low of 1.274 million BTC, reached as bitcoin was recovering from its February low near $60,000.

Bitcoin ETF holdings peaked at 1.376 million BTC in October 2025. Since then, assets under management have decreased by approximately 99,000 BTC, or 7.2%, from current levels.

Spot Ether ETFs ended a 17-session parallel streak, recording $19.30 million in net inflows on the day. The entire figure comes from BlackRock’s ETHA, with all other ether ETFs seeing zero net flow.

Total Ether ETF assets stand at $9.78 billion, or 4.57% of Ether’s circulating market capitalization, with cumulative inflows since launch in 2024 at $11.21 billion. The category remains about $2 billion below its peak in assets from earlier this year.

Meanwhile, Hyperliquid’s HYPE ETFs were the only category that did not experience outflows during the broader bleeding period, and this situation expanded on Wednesday. The three-fund complex took in another $12.15 million, with Bitwise’s BHYP attracting $7.45 million and Grayscale’s new low-fee HYPG fund attracting $4.70 million in its first day of trading.

The HYPE ETF’s net assets now stand at $185.68 million over roughly four weeks since launch on May 12, and every trading day during that window has been a net entry day.

The size of Friday’s Bitcoin and Ether prints compared to the magnitude of the streaks they ended is the part worth keeping. A Bitcoin ETF influx of around $3 million after $4.4 billion in redemptions is statistical noise rather than regime change, and it landed on a day when bitcoin was already trading at $63,629, well below the levels seen during the biggest outflow days in late May.

Bitcoin traded at $62,715 during Asian hours, Ether fell to $1,696 and the broader risk picture deteriorated as the global AI trade reversed on Broadcom’s failed outlook and a 4.7% KOSPI selloff.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top