Bitcoin and ether ETFs end record multi-billion outflow streak

U.S. spot bitcoin ETFs pulled $3.05 million in net inflows on Wednesday after 13 straight sessions of redemptions totaling roughly $4.4 billion, while ether ETFs ended a 17-day outflow streak with $19.30 million led entirely by BlackRock's ETHA.

What to know:

• U.S. spot bitcoin ETFs ended a 13-session outflow streak with a modest $3.05 million net inflow, after more than $4.4 billion in redemptions since mid-May.
• Total bitcoin ETF holdings have fallen about 7.2% from their October 2025 peak to 1.277 million BTC, while ether ETFs also broke a 17-day outflow run with a $19.30 million inflow driven entirely by BlackRock’s ETHA.
• Hyperliquid’s HYPE ETFs have attracted steady demand since their May launch, reaching $185.68 million in assets with net inflows every trading day, even as broader crypto and risk markets softened alongside declines in AI-linked stocks.

U.S. spot bitcoin ETFs logged a tiny net inflow of $3.05 million on Wednesday, breaking a 13-session redemption streak that drained more than $4.4 billion from the cohort since mid-May.

The outflows dragged total bitcoin ETF assets down to $80.40 billion from $104.29 billion at the start of the streak.

BlackRock's IBIT, the largest fund in the category, absorbed $47.66 million while Fidelity's FBTC, Bitwise's BITB and Ark's ARKB continued to bleed, SoSoValue data shows.

The total bitcoin assets under management (AUM) in U.S. spot Bitcoin ETFs stand at 1.277 million BTC, according to CheckonChain. That is slightly above the February 23 low of 1.274 million BTC, reached as bitcoin recovered from its February trough near $60,000.

Bitcoin ETF holdings peaked at 1.376 million BTC in October 2025. Since then, AUM has declined by approximately 99,000 BTC, or 7.2%, to current levels.

Spot ether ETFs ended a parallel streak that ran 17 sessions, taking in $19.30 million in net inflows on the day. The entire figure came from BlackRock's ETHA, with every other ether ETF logging zero net flow.

Total ether ETF assets sit at $9.78 billion, or 4.57% of ether's circulating market capitalization, with cumulative inflows since the 2024 launch at $11.21 billion. The category remains roughly $2 billion below its asset peak from earlier in the year.

Meanwhile, Hyperliquid's HYPE ETFs were the only category that had not been in outflow during the broader bleed, and that picture extended on Wednesday. The three-fund complex took in another $12.15 million, with Bitwise's BHYP attracting $7.45 million and Grayscale's newly launched low-fee HYPG fund pulling $4.70 million on its first day of trading.

HYPE ETF net assets now stand at $185.68 million across roughly four weeks since the May 12 launch, and every single trading day in that window has been a net inflow day.

The size of Friday's bitcoin and ether prints relative to the magnitude of the streaks they ended is the part worth holding onto. A roughly $3 million bitcoin ETF inflow after $4.4 billion of redemptions is statistical noise rather than a regime shift, and it landed on a day when bitcoin was already trading at $63,629, well off the levels seen during the heaviest outflow days in late May.

Bitcoin traded down to $62,715 in Asian hours, ether dropped to $1,696, and the broader risk picture deteriorated as the global AI trade rolled over on Broadcom's outlook miss and a 4.7% KOSPI selloff.

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