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Home Market Overview ETFs

Live markets: Bitcoin ETFs slip back to outflows while ether funds extend their streak

by MarketNewsBoard
2 hours ago
in ETFs, Market Overview
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U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, ending a three-day inflow run that had pulled in roughly $509 million, per SoSoValue data. Ether ETFs took in about $70 million the same day, a fifth straight session of inflows.

The bitcoin outflow was broad. BlackRock’s IBIT shed roughly $59 million, Grayscale’s GBTC lost nearly $64 million, and Fidelity’s FBTC gave up about $15 million.

Grayscale’s mini BTC fund was the only one in the green at nearly $53 million. Total bitcoin ETF assets fell to about $75 billion.

Ether’s flows came from a narrower base but kept pointing the same way. Fidelity’s FETH led with roughly $69 million, with VanEck’s ETHV adding just over $1 million and every other fund flat. Ether ETF assets sit at about $9 billion.

The split matches the price tape. Bitcoin traded near $62,300 and ether near $1,740, both down about 3% on the day, though ether has outperformed over the past two weeks as the Lean Ethereum roadmap and returning ETF demand gave it a story bitcoin has lacked.

Source: Original Article

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