On Wednesday, U.S. spot bitcoin ETFs experienced outflows totaling $85 million, halting a three-day inflow trend that had attracted approximately $509 million, according to data from SoSoValue. In contrast, ether ETFs saw inflows of around $70 million, marking the fifth consecutive day of positive movement.
The bitcoin outflows were widespread, with BlackRock's IBIT losing about $59 million, Grayscale's GBTC decreasing by nearly $64 million, and Fidelity's FBTC retreating by approximately $15 million.
Grayscale's mini BTC fund was the only exception, gaining nearly $53 million. The total assets in bitcoin ETFs have now dropped to roughly $75 billion.
Ether's inflows, although stemming from a smaller base, continued to trend positively. Fidelity's FETH led the charge with inflows of about $69 million, while VanEck's ETHV added just over $1 million, with other funds remaining stable. Currently, ether ETF assets total around $9 billion.
This divergence in performance aligns with market price movements. Bitcoin was trading at approximately $62,300 and ether at around $1,740, both down roughly 3% for the day. However, ether has shown stronger performance over the last two weeks, bolstered by the Lean Ethereum roadmap and resurgent ETF interest, providing it with a narrative that bitcoin has been missing.