Bitcoin ETFs Reverse Four-Day Outflow with $91.5M Inflows
U.S. spot Bitcoin ETFs snapped a four-day outflow streak on Wednesday, logging $91.5M in net inflows, data from SoSoValue show. Bitcoin ETFs saw renewed demand as BlackRock’s IBIT led with $42M, followed by Bitwise’s BITB with $26.35M and Grayscale’s GBTC adding $14.5M. This rebound follows $1.45B in redemptions over the previous four days amid macroeconomic uncertainty and retail profit-taking. Meanwhile, Ethereum ETFs also recovered, posting $35.12M in net inflows, driven by BlackRock’s ETHA ($33.39M) and Grayscale’s ETHE ($10M). State pension funds continued to increase crypto exposure: Michigan tripled its ARK 21Shares Bitcoin ETF holdings to 300,000 shares, and Wisconsin’s Investment Board holds over 6M shares of IBIT. Bloomberg now assigns a 95% chance for SEC approval of spot ETFs for Solana, XRP, and Litecoin this year, up from 90%. The return of ETF demand and growing institutional adoption could support Bitcoin and broader crypto markets, reversing recent sell-offs and bolstering market confidence.
Bullish
The return of $91.5M in net inflows to Bitcoin ETFs signals renewed investor confidence after recent sell-offs. Leading funds like BlackRock’s IBIT, Bitwise’s BITB and Grayscale’s GBTC reversing outflows suggests demand for Bitcoin ETFs remains robust. Concurrent Ethereum ETF inflows and state pension funds increasing exposure highlight growing institutional adoption. Historical patterns show that ETF inflows often precede positive price momentum, indicating a bullish shift. Additionally, Bloomberg’s raised odds for SEC approval of spot ETFs for Solana, XRP and Litecoin further underscore institutional optimism. In the short term, this rebound could stabilize prices and attract further capital; in the long term, sustained ETF demand and regulatory clarity may underpin broader market growth and resilience.