Key Takeaways
- • US-listed spot Bitcoin ETFs drew $74.6 million on Wednesday, while Ether ETFs added $53 million, totaling roughly $128 million in net inflows according to SoSoValue data.
- • The inflows snapped three consecutive sessions of Bitcoin ETF outflows totaling $1.16 billion and a seven-day Ether ETF outflow streak of $657 million.
- • BlackRock's iShares Bitcoin Trust (IBIT) recorded $201.2 million in outflows on Wednesday, extending its four-session outflow streak to $935.2 million per Farside Investors data.
- • Fidelity's Wise Origin Bitcoin Fund (FBTC) led inflows with roughly $237 million on Wednesday.
- • Wednesday's inflows narrowed Bitcoin's 2026 year-to-date net outflows to around $79 million.
Summary
US-listed spot Bitcoin and Ether exchange-traded funds snapped their outflow streaks on Wednesday as cryptocurrency markets rebounded following the US midterm elections. According to SoSoValue data, Bitcoin ETFs attracted $74.6 million while Ether funds added $53 million. The turnaround ended three consecutive trading sessions of Bitcoin ETF outflows totaling $1.16 billion, and interrupted a seven-day Ether ETF outflow streak totaling $657 million.
Bitcoin rebounded above $80,000 and US stocks rallied after Democrats won midterm election races on Wednesday. The inflows followed a slowdown in withdrawals, which declined from $399 million on Monday to $116 million on Tuesday. Aggregate flows were uneven across issuers. BlackRock's iShares Bitcoin Trust (IBIT) recorded another $201.2 million in outflows, extending its four-session outflow streak to $935.2 million according to Farside Investors data. Fidelity's Wise Origin Bitcoin Fund (FBTC) led inflows with roughly $237 million. Wednesday's inflows reduced Bitcoin's 2026 net outflows to around $79 million.
James Butterfill, head of research at CoinShares, said Bitcoin had largely priced in the possibility of a Democratic sweep before the election, leaving room for a relief rally as uncertainty eased, and cautioned against attributing too much of the move to the election outcome. CK Zheng, co-founder of crypto hedge fund ZX Squared Capital and former global head of risk at Credit Suisse, pointed to monetary liquidity, institutional investment flows and broader risk appetite as more immediate price drivers. Zheng said spot Bitcoin ETFs and corporate treasury holdings could broaden demand while also exposing BTC to institutional selling pressure.
Bitcoin rebounded above $80,000 and US stocks rallied after Democrats won midterm election races on Wednesday. The inflows followed a slowdown in withdrawals, which declined from $399 million on Monday to $116 million on Tuesday. Aggregate flows were uneven across issuers. BlackRock's iShares Bitcoin Trust (IBIT) recorded another $201.2 million in outflows, extending its four-session outflow streak to $935.2 million according to Farside Investors data. Fidelity's Wise Origin Bitcoin Fund (FBTC) led inflows with roughly $237 million. Wednesday's inflows reduced Bitcoin's 2026 net outflows to around $79 million.
James Butterfill, head of research at CoinShares, said Bitcoin had largely priced in the possibility of a Democratic sweep before the election, leaving room for a relief rally as uncertainty eased, and cautioned against attributing too much of the move to the election outcome. CK Zheng, co-founder of crypto hedge fund ZX Squared Capital and former global head of risk at Credit Suisse, pointed to monetary liquidity, institutional investment flows and broader risk appetite as more immediate price drivers. Zheng said spot Bitcoin ETFs and corporate treasury holdings could broaden demand while also exposing BTC to institutional selling pressure.
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