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Bitcoin ETF Inflow Streak Snaps as Ether Funds Deepen Outflows
After more than a week of strong inflows, bitcoin ETFs finally turned red with $4.5 million in net outflows, while ether ETFs saw a heavier $174.83 million exit. The pullback follows record-breaking trading volumes and suggests investors may be locking in profits after an extended rally.
Bitcoin ETFs Slip Red With $4.5 Million Exit While Ether Sees $175 Million Drain
The hot streak has finally cooled. After nine straight days of inflows, bitcoin exchange-traded funds (ETFs) stumbled into the red, while ether funds extended their outflow slide for a second day. What began as a steady stream of institutional demand turned into a pause, one that might hint at traders catching their breath after a remarkable run.
Bitcoin ETFs recorded $4.50 million in net outflows, marking the first daily decline in nearly two weeks. The selling pressure was spread across five funds, with Bitwise’s BITB leading the pack with $37.45 million in exits. Grayscale’s GBTC followed with $19.21 million out, while Fidelity’s FBTC shed $10.18 million. Ark 21Shares’ ARKB and Grayscale’s Bitcoin Mini Trust closed the day with smaller redemptions of $6.21 million and $5.68 million, respectively.
Despite the downturn, Blackrock’s IBIT provided a bright spot, drawing $74.22 million in fresh inflows, but not enough to offset the broader selling. Trading activity hit a record $9.78 billion, though net assets fell sharply to $158.96 billion.
The group traded a hefty $4.77 billion for the day, while net assets slipped to $27.51 billion.
After weeks of bullish flow data, Friday’s numbers marked a sobering reminder: momentum, even in crypto, doesn’t move in a straight line.