Bitcoin and ether ETFs lose $391m as one-day rebound fades

Key points

• Bitcoin ETFs lost $261m, with Fidelity's FBTC down $153m and BlackRock's IBIT down $111m
• Ether ETFs shed $130m, led by BlackRock's ETHA at $110m, after Tuesday's $24.8m inflow

Bitcoin and ether ETF outflows returned on Wednesday, with the two largest US crypto fund categories losing a combined $391m, Bitcoin.com News reports. The move erased Tuesday's improvement and left the pair with roughly $341m in combined outflows for the week so far.

Bitcoin ETFs accounted for $261m of the losses, concentrated in the funds that had driven the previous session's recovery. Fidelity's FBTC shed $153m after taking in $103m on Tuesday, while BlackRock's IBIT lost $111m, reversing a $65.9m inflow. Bitwise's BITB was the only positive reading at $2.22m. Trading value rose to $2.29bn and net assets fell to $105bn, leaving Bitcoin funds down about $151m over the week's first three sessions.

Ether and altcoin flows

Ether funds lost $130m after Tuesday's $24.8m inflow ended 10 straight sessions of withdrawals. BlackRock's ETHA shed $110m, Grayscale's Ether Mini Trust $18.8m and Franklin's EZET $919,290. Trading activity reached $866m and net assets dropped to $15.2bn, taking ether fund losses this week to about $190m.

Solana ETFs lost $1.29m through Bitwise's BSOL, an eighth consecutive session of outflows, with net assets at $1.66bn. All three HYPE products saw redemptions, totalling $4.95m, while XRP attracted $740,410 through a Bitwise fund. Grayscale's ZCSH drew $3.68m, its first inflow since the redemption cycle began in late September, with net assets at $645m.

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