Bitcoin exchange-traded funds experienced a significant reversal, with $225.18 million pulled out on Thursday, ending a seven-day run of inflows. This marked a sharp contrast after nearly $1 billion flowed into these funds over the past week. Total assets under management for bitcoin ETFs dropped below $80 billion, settling at $78.82 billion.
BlackRock’s IBIT played a major role in this shift, accounting for about 90% of the outflows with a $202.48 million withdrawal. Other bitcoin ETFs like Bitwise’s BITB and Fidelity’s FBTC also saw net outflows, while only Morgan Stanley’s MSBT attracted fresh capital, gaining $5.01 million. Trading volume for bitcoin ETFs reached $1.63 billion during the session.
Meanwhile, Ether ETFs defied the bitcoin trend by adding $26.32 million, extending their inflow streak to five consecutive days. Fidelity’s FETH led the gains with nearly $15 million in new investments, followed by BlackRock’s ETHA and ETHB. Ether ETF assets totaled $10.32 billion, supported by $564.90 million in trading activity. This inflow came on the second anniversary of U.S. spot ether ETFs, which launched on July 23, 2024, providing a regulated gateway for investors to access the second-largest cryptocurrency.
In contrast, HYPE ETFs continued to see weak demand, dropping $1.02 million, primarily from Grayscale’s HYPG. With only one inflow session in the last eleven trading days, these funds have slowed noticeably after an earlier period of strong interest.
The divergence between bitcoin and ether ETFs highlights a growing institutional split, as investors adjust their exposure amid shifting market conditions.
