Bitcoin ETFs slide back into outflows, while ether funds extend their streak

U.S. spot bitcoin ETFs lost a net $85 million on Wednesday, ending a three-day inflow that had drawn in about $509 million, as of late. SoSoValue data. Ether ETFs took in about $70 million on the day, a fifth consecutive session of inflows.

The Bitcoin outflow was wide. BlackRock’s IBIT lost about $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 currents came from a narrower base, but kept pointing the same way. Fidelity’s FETH led with about $69 million, with VanEck’s ETHV adding just over $1 million and every other fund flat. Ether ETF assets are around $9 billion.

The division matches the price band. Bitcoin is trading 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 rebounding ETF demand gave it a story bitcoin has been missing.

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