Key Takeaways
- • U.S. bitcoin and ether ETFs lost a combined $390.97 million on Wednesday, erasing Tuesday's inflows and pushing combined weekly outflows for the two largest ETF categories to roughly $341 million so far.
- • Bitcoin ETFs shed $261.46 million on Wednesday, with Fidelity's FBTC losing $152.73 million and BlackRock's IBIT losing $110.94 million, reversing prior-session inflows in both funds.
- • Ether ETFs lost $129.51 million on Wednesday, ending a 10-session withdrawal streak only briefly, with BlackRock's ETHA accounting for $109.83 million of the exits.
- • Solana, HYPE and XRP products showed broader risk reduction, with Solana ETFs extending an eight-session outflow streak and HYPE ETFs recording $4.95 million in net redemptions.
- • Grayscale's ZCSH drew $3.68 million, its first inflow since the redemption cycle began in late September, though the signal was modest against a roughly 22% ZEC price decline over two weeks.
Summary
U.S. crypto ETF flows turned sharply negative again on Wednesday, with bitcoin and ether funds shedding a combined $390.97 million, according to the source report. The reversal erased Tuesday's improvement and brought combined outflows for the two largest ETF categories to roughly $341 million for the week so far.
Bitcoin ETFs lost $261.46 million on Wednesday, concentrated in the same funds that had driven the prior session's recovery. Fidelity's FBTC shed $152.73 million after attracting $103.06 million on Tuesday, while BlackRock's IBIT lost $110.94 million, reversing a $65.89 million inflow. Bitwise's BITB was the only positive fund at $2.22 million. Trading value across bitcoin funds rose to $2.29 billion, and net assets fell to $104.83 billion. Bitcoin ETFs are now down roughly $151 million across the first three sessions of the week.
Ether ETFs followed a similar pattern. Tuesday's $24.84 million inflow ended 10 consecutive sessions of withdrawals, but Wednesday's $129.51 million exit restored the dominant trend. BlackRock's ETHA lost $109.83 million, Grayscale's Ether Mini Trust shed $18.76 million, and Franklin's EZET recorded a $919,290 withdrawal. Ether trading activity reached $866.09 million and net assets dropped to $15.20 billion. Ether funds have lost about $190 million this week.
Pressure was visible further down the crypto risk curve. Solana ETFs lost $1.29 million through Bitwise's BSOL, extending their outflow streak to eight consecutive sessions, with net assets declining to $1.66 billion. All three active HYPE ETFs recorded outflows, including Bitwise's BHYP ($1.82 million), Grayscale's HYPG ($1.73 million) and 21Shares' THYP ($1.40 million), totaling $4.95 million in net redemptions. XRP was a small counterweight, attracting $740,410 through Bitwise's fund.
Zcash provided one of Wednesday's few positive signals, with Grayscale's ZCSH attracting $3.68 million, its first inflow since the redemption cycle began in late September. Net assets closed at $644.52 million. The inflow was modest relative to ZEC's price decline of nearly 22% over the last two weeks. Taken together, the flow data show investors willing to buy dips in bitcoin and ether but quick to reverse, suggesting the durability of future inflows matters more than any single session.
Bitcoin ETFs lost $261.46 million on Wednesday, concentrated in the same funds that had driven the prior session's recovery. Fidelity's FBTC shed $152.73 million after attracting $103.06 million on Tuesday, while BlackRock's IBIT lost $110.94 million, reversing a $65.89 million inflow. Bitwise's BITB was the only positive fund at $2.22 million. Trading value across bitcoin funds rose to $2.29 billion, and net assets fell to $104.83 billion. Bitcoin ETFs are now down roughly $151 million across the first three sessions of the week.
Ether ETFs followed a similar pattern. Tuesday's $24.84 million inflow ended 10 consecutive sessions of withdrawals, but Wednesday's $129.51 million exit restored the dominant trend. BlackRock's ETHA lost $109.83 million, Grayscale's Ether Mini Trust shed $18.76 million, and Franklin's EZET recorded a $919,290 withdrawal. Ether trading activity reached $866.09 million and net assets dropped to $15.20 billion. Ether funds have lost about $190 million this week.
Pressure was visible further down the crypto risk curve. Solana ETFs lost $1.29 million through Bitwise's BSOL, extending their outflow streak to eight consecutive sessions, with net assets declining to $1.66 billion. All three active HYPE ETFs recorded outflows, including Bitwise's BHYP ($1.82 million), Grayscale's HYPG ($1.73 million) and 21Shares' THYP ($1.40 million), totaling $4.95 million in net redemptions. XRP was a small counterweight, attracting $740,410 through Bitwise's fund.
Zcash provided one of Wednesday's few positive signals, with Grayscale's ZCSH attracting $3.68 million, its first inflow since the redemption cycle began in late September. Net assets closed at $644.52 million. The inflow was modest relative to ZEC's price decline of nearly 22% over the last two weeks. Taken together, the flow data show investors willing to buy dips in bitcoin and ether but quick to reverse, suggesting the durability of future inflows matters more than any single session.
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