Bitcoin ETFs bleed again as ether funds see inflow streak end
U.S. spot Bitcoin ETFs continued to bleed. According to SoSoValue, Bitcoin ETFs posted a net outflow of about $95M on Thursday, despite Bitcoin rising ~3.5% to nearly $64,000 and gaining ~4.2% on the week.
Fidelity’s FBTC drove the largest outflow (~$63M), followed by ARKB (~$40M). BlackRock’s IBIT was flat. Only VanEck’s HODL and Morgan Stanley’s MSBT were in the green. Total Bitcoin ETF assets are near $77B.
Ether ETFs reversed as well. Ether funds lost roughly $52M on the day, ending a five-day inflow streak. Fidelity’s FETH saw about -$34M and BlackRock’s ETHA about -$13M. No Ether ETF reported inflows, and net assets sit around $9B.
The article notes flows are lagging price action. Traders are likely seeing institutional positioning soften even as spot prices rally.
Key crypto moves: Ether added ~2.6% to ~$1,760, while Bitcoin recovered after concerns that strikes on Iran could intensify.
Bearish
The bearish read comes from the ETF signal itself: Bitcoin ETFs saw a fresh net outflow (~$95M) and Ether ETFs also fell (~$52M), which is important because ETF flows often lead or confirm broader institutional positioning. Even though Bitcoin price rose, the article highlights that ETF flows are “lagging the tape”—a classic setup where rallies can lose momentum if institutions keep selling.
In prior cycles, sustained ETF outflows during price strength have often preceded either (1) a cooling phase where spot gains fade, or (2) a choppy range as late buyers try to catch up while allocators step aside. Here, Bitcoin ETF inflows that had been a steadier narrative are broken again, while the five-day Ether inflow streak ends with no fund posting inflows.
Short-term (days): expect higher volatility and weaker follow-through on breakouts, especially for BTC, because incremental demand from ETF buyers appears absent.
Long-term (weeks to months): if outflow pressure persists while spot remains bid, it may indicate a rotation where retail/spot demand temporarily counteracts institutional selling—often leading to larger downside risk if price fails to hold key levels.