Bitcoin and ether ETFs end record multi-billion outflows

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

The outflow pulled 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 show.

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

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

Spot ether ETFs ended a parallel streak that ran for 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 flows.

Total ether ETF assets are $9.78 billion, or 4.57% of ether’s circulating market capitalization, with cumulative inflows since launch in 2024 of $11.21 billion. The category is still about $2 billion below the asset’s peak from earlier this year.

Meanwhile, Hyperliquid’s HYPE ETFs were the only category that hadn’t been in outflows during the broader bleed, and that picture widened on Wednesday. The three-fund complex took in another $12.15 million, with Bitwise’s BHYP attracting $7.45 million and Grayscale’s recently launched low-cost HYPG fund pulling in $4.70 million on its first day of trading.

The HYPE ETF’s net assets now stand at $185.68 million across roughly four weeks since its 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 size of the streaks they ended is the part worth holding onto. An inflow of roughly $3 million into the bitcoin ETF after $4.4 billion of redemptions is statistical noise rather than a regime change, and it landed on a day when bitcoin was already trading at $63,629, far from the levels seen during the heaviest days of outflows in late May.

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

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