Bitcoin ETF Inflow Streak Ends With $149M Outflow
What happened: U.
What happened: U.S. spot Bitcoin ETFs experienced a net outflow of $148.7 million on Wednesday, ending a nine-day streak that had brought in $3.1 billion. Fidelity's FBTC led the outflows with $125.6 million, followed by Bitwise BITB and BlackRock IBIT. Spot Ethereum ETFs also saw $59.6 million in net outflows, led by Fidelity FETH. Cumulative BTC ETF inflows since January 2024 now exceed $57 billion, with assets under management above $100 billion.
Why it matters: This single-day reversal, following a strong run of inflows, reflects the sensitivity of ETF flows to macroeconomic data—in this case, softer-than-expected PCE inflation, which reduced expectations for a near-term Fed rate hike. While not necessarily a trend-breaker, the pause highlights how quickly sentiment can shift, and how ETF flows remain a key driver of short-term market dynamics.
Source: The Block