U.S. spot bitcoin ETFs broke a record 13-session outflow streak on Thursday, posting a combined net inflow of $3.05 million. The turnaround came after more than $4.4 billion in redemptions since mid-May.
The reversal was small. During the outflow stretch, daily withdrawals were mostly above $100 million, and Thursday’s inflow was lower than any single day of losses in that period. Falling bitcoin prices also weighed on the group’s size, pulling total bitcoin ETF assets down from $104.29 billion at the start of the streak to $80.40 billion.
BlackRock’s IBIT drew money while peers kept losing assets
BlackRock’s IBIT, the largest fund in the segment, took in $47.66 million on Thursday. Data from SoSoValue showed that Fidelity’s FBTC, Bitwise’s BITB and Ark’s ARKB were still in net outflow on the same day.
According to CheckonChain, total bitcoin ETF assets under management stand at 1.277 million BTC, about 7.2% below the record set in October. That figure sits only slightly above the 1.274 million BTC low reached on Feb. 23. In the market, bitcoin climbed as high as $64,660 on Thursday before slipping to $63,800, then fell 1.7% to $62,700 on Friday.
Spot ether ETFs ended 17 days of redemptions with flows focused in ETHA
Spot ether ETFs in the U.S. also stopped their losing run. The category recorded a net inflow of $19.30 million on Thursday after 17 consecutive sessions of outflows. BlackRock’s ETHA captured the entire inflow, while every other ether ETF posted zero net flow.
Total ether ETF assets now stand at $9.78 billion, equal to about 4.57% of ether’s circulating market capitalization. Since launch in 2024, cumulative net inflows into the category have reached $11.21 billion. Even so, assets remain roughly $2 billion below the peak seen earlier this year.
Hyperliquid-linked ETFs kept attracting capital through the broader slump
Hyperliquid’s HYPE ETFs were the only products mentioned as avoiding outflows during the period. The three funds added another $12.15 million on Thursday, extending an inflow streak that began with their debut on May 12. Grayscale’s lower-fee HYPG fund brought in $4.70 million on its first trading day.
Risk assets stayed under pressure. On Friday, bitcoin traded at $62,700 and ether dropped to $1,670. The report also cited weaker global risk sentiment after Broadcom’s outlook disappointed and South Korea’s KOSPI index fell 4.7%.