The U.S. Spot Bitcoin ETF recorded a meager net inflow of $3.05 million on Wednesday, breaking a 13-session redemption streak that had seen more than $4.4 billion outflows from the cohort since mid-May.
Due to this outflow, Bitcoin ETF’s total assets decreased from $104.29 billion at the start of the streak to $80.4 billion.
BlackRock’s IBIT, the largest fund in the sector, absorbed $47.66 million, while Fidelity’s FBTC, Bitwise’s BITB and Ark’s ARKB continued to see outflows, according to SoSoValue data.
The total Bitcoin assets under management (AUM) of the US Spot Bitcoin ETF is 1,277,000. $BTCaccording to CheckonChain. This is slightly higher than the February 23 low of 1,274,000. $BTCreached as Bitcoin recovered from its February lows of nearly $60,000.
Bitcoin ETF holdings peaked at 1.376 million. $BTC Since then, AUM has decreased by approximately 99,000. $BTCor 7.2% relative to current levels.
The Spot Ether ETF recorded net inflows of $19.3 million on the day, ending a 17-session market streak. This entire figure comes from BlackRock’s ETHA, with all other Ether ETFs recording no net flows.
The Ether ETF’s total assets amount to $9.78 billion, or 4.57% of Ether’s circulating market capitalization, with cumulative inflows since its inception in 2024 of $11.21 billion. The category remains about $2 billion below its peak wealth at the beginning of the year.
On the other hand, hyper liquid $HYPE ETFs were the only category with no outflows during the widespread bleeding period, and that situation expanded further on Wednesday. The three-fund complex garnered an additional $12.15 million, with Bitwise’s BHYP raising $7.45 million and Grayscale’s newly launched low-fee HYPG fund raising $4.7 million on its first day of trading.
$HYPE The ETF’s net assets currently stand at $185.68 million, approximately four weeks since its launch on May 12th, with all trading days during this period being net inflows.
How big Friday’s Bitcoin and Ether records are compared to the size of the streaks they broke is the part worth holding on to. Bitcoin ETF inflows of around $3 million after $4.4 billion in redemptions are more statistical noise than a regime change, as they came on a day when Bitcoin was already trading at $63,629, well below its peak outflows in late May.
Bitcoin fell to $62,715 in Asian time, Ethereum fell to $1,696, and the broader risk picture worsened as Broadcom’s missed outlook and 4.7% KOSPI decline reversed global AI trading.
