Bitcoin ETFs End 15-Day Inflow Streak With $342M Outflow Ether ETFs Gain $40.68M In Third Day Of Inflows

Bitcoin ETFs experienced a significant shift, marking the end of a 15-day inflow streak with a net outflow of $342 million. This reversal was primarily driven by substantial exits from Fidelity’s FBTC and Grayscale’s GBTC, which saw withdrawals of $172.73 million and $119.51 million, respectively. Other notable contributors to the outflow included Ark 21Shares’ ARKB with $27.03 million and Bitwise’s BITB with $22.98 million. Despite the outflows, trading activity remained robust with $2.79 billion in value exchanged, and net assets dipped to $131.30 billion.

In contrast, ether ETFs continued their upward trajectory, logging a third consecutive day of inflows. Blackrock’s ETHA led the charge with a $54.84 million injection, while Grayscale’s ETHE added $9.96 million. Although Fidelity’s FETH saw a $24.11 million outflow, the day still closed with a net inflow of $40.68 million. The total value traded for ether ETFs reached $385.37 million, and net assets remained steady at $9.95 billion.

This shift in investor sentiment suggests a potential rebalancing of institutional interest as July begins. While bitcoin ETFs took a breather, ether products quietly continued their recovery, indicating a possible shift in market dynamics. The strong entries into Blackrock and Grayscale funds for ether ETFs further underscore the growing interest in this asset class.