U.S. Bitcoin and Ether ETFs See Inflows After Long Outflow Streaks
- U.S. spot bitcoin ETFs recorded a net inflow of $3.05 million, ending a streak of redemptions that totaled over $4.4 billion since mid-May.
- Total assets in bitcoin ETFs fell from $104.29 billion to $80.40 billion during the outflow period.
- BlackRock’s IBIT fund gained $47.66 million, while other funds like Fidelity’s FBTC and Ark’s ARKB continued to experience outflows.
- Total bitcoin assets under management (AUM) are currently at approximately 1.277 million BTC, slightly above February’s low of 1.274 million BTC.
- In contrast, spot ether ETFs saw net inflows of $19.30 million, primarily from BlackRock’s ETHA, with total ether ETF assets now at $9.78 billion.
- Hyperliquid’s HYPE ETFs reported consistent inflows, attracting an additional $12.15 million on the same day.
The recent inflows into both bitcoin and ether ETFs indicate a potential shift in investor sentiment after significant outflows earlier this year, though the figures remain modest compared to prior peaks.
With bitcoin ETF AUM declining by approximately 99,000 BTC since October’s peak, the latest data suggests that while there is some recovery, it is still minimal compared to previous levels.(Source)
