Grayscale’s GBTC leads $84.9M Bitcoin ETF exit as Ether continues to perform well
recovery in cryptocurrency Exchange traded funds (ETFs) no longer move in a straight line.
After improving the flow for a few days, Bitcoin It was back in the red, with the withdrawal of Grayscale, BlackRock and Fidelity products. However, Ether continues to attract new capital, suggesting investors are becoming more selective rather than moving away from Ether. cryptocurrency fully exposed.
Bitcoin is reversing while Ether is trending steadily
Bitcoin ETF recorded net outflows of $84.86 million, ending the recent positive trend. Grayscale’s GBTC led the exits, with $63.69 million leaving the fund. $59.13 million was outflowed from BlackRock’s IBIT, and $14.88 million was outflowed from Fidelity’s FBTC.
There was one offset that made sense. gray scale Bitcoin Mini Trust added $52.83 million, cushioning the day’s declines but not enough to lift the category into positive territory. total Bitcoin ETF The deal was valued at $1.54 billion, and the company closed with a total net asset value of $75.34 billion.
The Ether ETF told a completely different story. The category recorded net inflows of $70.48 million, marking the fifth consecutive day in positive territory.
Fidelity’s FETH accounted for almost all of the gain, adding $69.21 million. Vaneck’s ETHV brought in an additional $1.27 million. The Ether ETF’s total trading volume reached $483.21 million, and its net assets closed at $9.34 billion.
$HYPE Maintain a positive attitude as Solana, $XRP weaken
$HYPE ETFs continued to be resilient, adding $3.33 million. Inflows were mainly directed towards Grayscale’s HYPG, and this category remained in positive territory compared to other categories. altcoin Financial strength has weakened. total $HYPE The ETF closed with trading value of $20.29 million and net assets of $355.48 million.
Solana The ETF moved in the opposite direction, posting net outflows of $8.65 million. Bitwise’s BSOL led the withdrawals with $6.61 million, while Grayscale’s GSOL saw $2.04 million withdrawn from the fund. total Solana The ETF traded at $77.92 million and ended with net assets of $894.05 million.
$XRP The ETF also ended in the red, with $7.29 million entirely out of Bitwise funds. $XRP product. The transaction closed with a total transaction value of $12.59 million and net assets of $983.4 million.
Wednesday’s flows showed the market is recovering unevenly. While Ether continues to draw stable demand, Bitcoin has returned to outflows and $XRP Investors are still suggesting they reduce exposure as soon as momentum weakens.
