U.S. spot Bitcoin ETFs snapped a nine-day, $3.1 billion inflow streak on Wednesday, posting $148.7 million in combined net outflows. BlackRock's IBIT also ended its own nine-day, $1.6 billion run, while Fidelity's FBTC posted the day's single largest outflow. Ether funds stayed in outflow territory for a second straight day.
U.S. spot Bitcoin ETFs' nine-day, $3.1 billion net inflow streak came to an end on Wednesday, with the funds recording a combined $148.7 million in net outflows, according to data compiled by The Block.
BlackRock's usually dominant IBIT product ended its own nine-day, $1.6 billion inflow run, with $9.5 million exiting the fund. Fidelity's FBTC led the day's net outflows with $125.6 million, followed by Bitwise's BITB with $13.6 million. The remaining funds all registered zero flows.
Cumulative flows near a record despite the pause
The nine-day streak had marked one of the most positive runs for the bitcoin funds this year, taking cumulative flows back into positive territory for 2026. According to Bloomberg Senior ETF Analyst Eric Balchunas, the funds were "getting really close to a new high water mark" ahead of Wednesday's figures. However, fellow Bloomberg analyst James Seyffart noted the funds remain about $5 billion away from their cumulative flow peak on Oct. 10 last year.
Overall, the U.S. spot Bitcoin ETFs have generated over $57 billion in cumulative net inflows since their January 2024 debut, with $970 million year-to-date and more than $100 billion in assets under management. Last week, Morgan Stanley's newest Bitcoin ETF, launched in April, topped 10,000 BTC in assets under management for the first time.
Ether ETFs extend their own outflow run
Meanwhile, U.S. spot Ethereum ETFs saw $59.6 million in net outflows on Wednesday, led by $26.6 million exiting Fidelity's FETH fund. That extends their outflow streak to two days, following a prior seven-day, $850 million inflow run. Total net inflows for the Ether funds, which launched in July 2024, stand at around $14 billion.
Bitcoin itself whipsawed around the $84,000 level on Wednesday, as a softer-than-expected PCE inflation reading reduced expectations for another Federal Reserve rate hike in October. The asset closed September up 6.4% and traded at around $83,950 on Thursday.
Source: The Block
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