Bitcoin and Ether ETFs Finally Break Their Record-Breaking Outflow Streaks – Is the Tide Turning?

U.S. spot bitcoin ETFs pulled in a net $3.05 million on Thursday, capping 13 straight sessions of outflows totaling roughly $4.4 billion. Ether ETFs also ended a 17-day outflow streak, taking in $19.30 million.

The Numbers Behind the Streak

The outflows, together with the plunging price of the largest cryptocurrency, dragged total bitcoin ETF assets down to $80.40 billion from $104.29 billion at the start of the streak. It's worth keeping in mind the size of yesterday's inflows compared with the outflows: the $3 million figure is less than any single day of outflows during the period, which mostly saw exits above $100 million.

BlackRock's IBIT, the largest fund in the category, received $47.66 million on Thursday, while Fidelity's FBTC, Bitwise's BITB and Ark's ARKB continued to bleed.

The total bitcoin assets under management (AUM) in the investment vehicles stand at 1.277 million BTC, about 7.2% below the October record, according to CheckonChain. That is slightly above the Feb. 23 low of 1.274 million BTC, reached as the price of bitcoin recovered from its February trough near $60,000. Bitcoin fell to $63,800 on Thursday after rising as high as $64,660.

Ether ETFs Join the Recovery

Spot ether ETFs also ended a streak of outflows, taking in $19.30 million after 17 days of redemptions. BlackRock's ETHA benefited from the influx, with every other ether ETF logging zero net flow. Total ether ETF assets sit at $9.78 billion, or 4.57% of ether's circulating market capitalization, with cumulative inflows since the 2024 launch at $11.21 billion. The category remains roughly $2 billion below its asset peak from earlier in the year.

Hyperliquid's HYPE ETFs Buck the Trend

Meanwhile, Hyperliquid's HYPE ETFs were the only investments to avoid outflows during the period. The three ETFs took in another $12.15 million on Thursday, extending a run of inflows that started with their debut on May 12. Grayscale's low-fee HYPG fund pulled $4.70 million on its first day of trading.

Market Context

On Friday, Bitcoin fell 1.7% to $62,700, ether dropped to $1,670 and the broader risk picture deteriorated as the global AI trade rolled over on Broadcom's outlook miss and a 4.7% selloff in South Korea's KOSPI index.