Ether ETFs Add $26 Million as Bitcoin’s 7-Day Streak Ends

U.S. spot bitcoin ETFs recorded $225.18 million in net outflows on Thursday, ending a seven-session inflow streak. Ether funds moved in the opposite direction, adding $26.32 million on the second anniversary of their market debut.

Blackrock’s IBIT drove the bitcoin retreat with a $202.48 million withdrawal, representing about 90% of the category’s total net outflow. Bitwise’s BITB lost $7.03 million, Fidelity’s FBTC recorded a $5.64 million exit, Franklin Templeton’s EZBC shed $5.61 million, and ARK 21Shares’ ARKB posted $4.30 million in outflows. Morgan Stanley’s MSBT was the only bitcoin fund to attract fresh capital, adding $5.01 million. Total Bitcoin ETF trading value reached $1.63 billion, while combined net assets closed at $78.82 billion, down from $80.36 billion a day earlier. The reversal ended a streak that had delivered $999.38 million in net inflows.

Ether ETFs attracted $26.32 million, extending their positive run to five trading days. Fidelity’s FETH led with a $14.93 million addition, Blackrock’s ETHA brought in $8.49 million, and ETHB added $2.90 million. No Ether fund reported a net outflow. Trading value across the category totaled $564.90 million, while net assets ended the session at $10.32 billion. The inflow came exactly two years after nine U.S. spot ether ETFs began trading on July 23, 2024.

HYPE ETFs continued their difficult stretch with a $1.02 million outflow, entirely from Grayscale’s HYPG. The category recorded $8.84 million in trading value and closed with $294.15 million in net assets. HYPE funds have now posted only one inflow session over the past 11 trading days, a notable slowdown from the strong demand seen after their debut. XRP and solana ETFs recorded no net flows. XRP fund assets closed at $1.01 billion, while Solana products ended with $885.84 million. The week has delivered little momentum for altcoin ETFs, leaving institutional demand firmly concentrated in bitcoin and ether.

Source: https://news.bitcoin.com/ether-etfs-add-26-million-as-bitcoins-7-day-streak-ends/