Investor sentiment diverged sharply midweek as bitcoin ETFs faced $104 million in outflows, while ether ETFs attracted $170 million in new capital, led by Blackrock’s ETHA.
Bitcoin Funds See $104 Million Exit, Ether Stays in Green
The exchange-traded fund (ETF) market took a turn midweek, with bitcoin products cooling off while ether ETFs pulled in fresh inflows for a second day running.
Bitcoin ETFs registered $104.11 million in net outflows, suggesting investors took a breather after a stretch of inflows earlier in the week. Grayscale’s GBTC led the exodus with a hefty $82.90 million exit, followed by smaller redemptions of $11.10 million from Invesco’s BTCO and $10.11 million from BlackRock’s IBIT.
Trading remained active, with $4.56 billion in total volume. However, net assets dipped modestly to $151.32 billion, hinting at some cautious repositioning rather than widespread risk aversion.
Two days of inflows for ether ETFs have almost reversed the heavy Monday outflow. Source: Sosovalue
Ether funds, meanwhile, saw a clean sweep of inflows totaling $169.66 million. Blackrock’s ETHA continued to dominate with an impressive $164.33 million, reaffirming its growing dominance in institutional flows. Bitwise’s ETHW added a healthy $12.31 million, while Fidelity’s FETH contributed nearly $1 million, maintaining the green streak for ether ETFs.
An outflow of $7.98 million was seen on 21Shares’ TETH, but it did little to affect the solid inflows. Total value traded reached $2.14 billion, with net assets stable at $27.37 billion, reflecting steady institutional interest.
As bitcoin ETFs took a brief step back, ether quietly extended its run. The divergence may be short-lived, but for now, ether’s ETFs are stealing the spotlight.
FAQ
- What happened to crypto ETF flows midweek?
Bitcoin ETFs saw $104 million in outflows, while ether ETFs drew $170 million in new inflows.
- Which bitcoin ETF led the outflows?
Grayscale’s GBTC topped the exits with $82.9 million in redemptions.
- Who led the inflows on the ether side?
Blackrock’s ETHA dominated with $164 million, continuing its strong institutional momentum.
- What does this divergence suggest about investor sentiment?
Investors are rotating capital toward ether ETFs while taking profits from bitcoin positions.
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