Bitcoin ETFs Rebound with $101M Inflow as Ether, XRP ETF Streaks End
What happened: Spot Bitcoin ETFs recorded $101.
What happened: Spot Bitcoin ETFs recorded $101.15 million in net inflows on Wednesday, reversing the previous day's $236.5 million outflow—the largest since July. BlackRock's IBIT led the rebound with $115.45 million in inflows, while Grayscale's GBTC saw $56.21 million in outflows. Total spot Bitcoin ETF assets under management reached $97.22 billion, with cumulative inflows of $54.7 billion since January 2024. In contrast, Ether ETFs posted $48.08 million in outflows, ending a 12-day streak that had attracted $1.62 billion. XRP ETFs also saw $7.2 million in outflows, ending an 11-session streak totaling about $170 million in inflows.
Why it matters: The ETF flow data highlights shifting investor sentiment, with capital rotating back into Bitcoin products after a brief pullback, while appetite for Ether and XRP ETFs waned. Notably, outflows from Ether ETFs were concentrated in unstaked products, while BlackRock's staked ETHB actually saw inflows, suggesting a preference for yield-bearing instruments rather than a wholesale exit from ETH exposure. The end of long inflow streaks for Ether and XRP may signal a pause in altcoin ETF enthusiasm, at least temporarily.
Source: Decrypt