Bitcoin ETFs end outflow streak with $32M inflow
US spot Bitcoin funds drew fresh money on Wednesday even as the token briefly slipped below $64,000, while Ether-linked ETFs posted net redemptions.
Jorge Franganillo / Wikimedia Commons (CC BY 2.0)
US-listed spot Bitcoin exchange-traded funds returned to net inflows on Wednesday, taking in $32.1 million after four consecutive sessions of withdrawals. The reversal came even as bitcoin briefly traded below $64,000 during US hours, highlighting that fund flows did not track the day’s price move one for one.
The prior four-day run had drained more than $500 million from the products. Wednesday’s inflow did not fully offset that pressure, but it did break the negative streak and leave the market on slightly firmer footing after a difficult stretch for the asset class.
Bitcoin funds regain ground
So far this week, the US spot Bitcoin ETF complex still shows net outflows of $29.29 million. For the month, however, the group remains positive with $204.7 million in net inflows, and cumulative inflows across the funds now total $51.36 billion. That longer-term tally underscores how large the underlying base of investor capital has become since launch.
The trading session also showed bitcoin itself under pressure, with the token briefly falling to about $63,300 before recovering. The ETF inflow suggests some investors used the weakness to add exposure through regulated products rather than withdrawing from the segment entirely.
Ether products move the other way
Spot Ether ETFs moved in the opposite direction, recording $18.65 million in net outflows on Wednesday. The redemptions came despite a strong monthly run for those funds, which have attracted $342.9 million in net inflows so far in July.
That means Ether-linked products are still outpacing Bitcoin ETFs on a month-to-date basis, even though the two markets diverged on the day. The contrast points to shifting demand within the US crypto ETF market rather than a broad retreat from exchange-traded exposure.
The latest numbers also show how quickly sentiment can swing in digital-asset funds when prices are volatile. For now, Bitcoin ETFs have stabilized after the recent outflow streak, while Ether products remain in positive territory on the month despite Wednesday’s pullback.
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