Crypto ETF momentum cooled sharply on Wednesday as bitcoin funds flipped from steady accumulation to sizable net redemptions. After seven consecutive sessions of inflows, spot bitcoin ETFs recorded a combined $163.52 million outflow, marking a clear change in investor behavior. Ether ETFs followed the same risk-off pattern with $55.70 million in net outflows, while solana products slipped slightly and XRP ETFs remained unchanged.
Bitcoin ETF Inflow Run Ends Abruptly
The reversal in bitcoin ETFs was broad-based. Fidelity’s FBTC led withdrawals with $103.84 million in outflows, followed by BlackRock’s IBIT at $33.91 million. Grayscale’s GBTC also saw $18.82 million leave the fund, while Bitwise’s BITB lost $6.96 million. No bitcoin ETF posted inflows during the session. Even with the negative flows, trading activity stayed elevated, with daily volume reaching $3.46 billion and total net assets closing at $92.07 billion.
Ether ETFs Mirror the Pullback
Ether ETF flows showed a similar pattern. Fidelity’s FETH recorded the largest outflow at $37.11 million, while Grayscale’s ETHE lost $8.89 million. Vaneck’s ETHV and Bitwise’s ETHW posted outflows of $4.80 million and $4.70 million, respectively. BlackRock’s ETHA also slipped by $1.32 million. The only exception was BlackRock’s ETHB, which added a modest $1.13 million. Ether ETF trading volume stood at $1.18 billion, with net assets totaling $12.87 billion.
XRP Flat, Solana Slightly Lower
Outside bitcoin and ether, activity was subdued. XRP ETFs showed no trading movement, leaving assets steady at $1.02 billion. Solana ETFs posted a modest $295,730 outflow, entirely from Vaneck’s VSOL. Trading volume in solana products came in at $38.78 million, and net assets finished the day at $884.46 million.
Overall, the session points to a market pause after a strong stretch of inflows. With both bitcoin and ether ETFs seeing meaningful redemptions, investors appear to be taking profits and reassessing near-term positioning rather than extending the previous accumulation trend.