Bitcoin ETFs saw a sharp reversal, ending their impressive 15-day inflow streak with a $342 million net outflow. Meanwhile, ether ETFs posted a third consecutive day of inflows, buoyed by strong entries into Blackrock and Grayscale funds.
ETF Shift: Bitcoin Funds See First Outflow in Over Two Weeks
After more than two weeks of steady inflows, bitcoin exchange-traded funds (ETFs) finally hit the brakes. Investors pulled $342.25 million from U.S. spot bitcoin funds on Tuesday, ending a 15-day streak that had brought billions into the asset class.
The outflows were led by Fidelity’s FBTC, which recorded a $172.73 million exit. Grayscale’s GBTC followed with a $119.51 million withdrawal. Ark 21Shares’ ARKB and Bitwise’s BITB also contributed to the red day with outflows of $27.03 million and $22.98 million, respectively. Trading activity remained solid with $2.79 billion in value exchanged, and net assets dipped to $131.30 billion.
Meanwhile, ether ETFs showed no signs of slowing, marking their third straight day of inflows. Blackrock’s ETHA drove the momentum with a $54.84 million injection, while Grayscale’s ETHE added $9.96 million.
A $24.11 million outflow from Fidelity’s FETH partially offset the gains, but the day still closed in the green with $40.68 million in net inflows. Total value traded reached $385.37 million, and net assets stayed at $9.95 billion.
While bitcoin ETFs took a breather, ether products quietly continued their recovery, signaling a potential rebalancing of institutional interest as July begins.
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