Both the US-based Bitcoin ETF and Ethereum ETF ended their consecutive net outflows on Wednesday, but the inflows were small. Compared to the previous billions of dollars in redemptions, this turnaround seems more like a short-term bottoming out and is not enough to indicate a significant reversal in investor sentiment.
Bitcoin ETFs turned to slight net inflows
The U.S. spot Bitcoin ETF recorded a net inflow of $3.05 million on the day, ending a 13-day streak of outflows. Since mid-May, this round of redemptions has totaled approximately $4.4 billion.
SoSoValue data shows that BlackRock's IBIT attracted a net inflow of $47.66 million, but Fidelity's FBTC, Bitwise's BITB, and Ark's ARKB continued to see outflows.
- Net inflow for the day: US$3.05 million
- Duration of continuous outflow: 13 trading days
- Total redemptions: Approximately US$4.4 billion
Positions have fallen from last year's high.
According to CheckonChain data, US spot Bitcoin ETFs currently hold approximately 1.277 million BTC. Compared to the peak of approximately 1.376 million BTC in October 2025, this represents a decrease of approximately 99,000 BTC, or about 7.2%.
In terms of asset size, the total assets of Bitcoin ETFs have fallen to $80.4 billion, down from $104.29 billion at the start of this round of outflows, indicating that previous redemptions had a significant impact on the product size.
Ethereum ETFs stopped falling in tandem.
The U.S. spot Ethereum ETF saw a net inflow of $19.3 million, ending a 17-day streak of outflows. All inflows came from BlackRock ETHA, while other products saw little change throughout the day.
Currently, the total assets of the Ethereum ETF are approximately $9.78 billion, representing about 4.57% of Ethereum's circulating market capitalization. Since its launch in 2024, this category has seen a cumulative net inflow of approximately $11.21 billion, but its overall size is still about $2 billion lower than its peak this year.
HYPE ETF continues to attract funds
While broader crypto ETFs faced funding pressure, Hyperliquid's HYPE ETF continued to see net inflows. The three related funds attracted a combined $12.15 million on Wednesday, with Bitwise's BHYP seeing $7.45 million and Grayscale's newly launched HYPG seeing $4.7 million on its first day.
Since its launch on May 12, the HYPE ETF has recorded net inflows every trading day, and its latest net asset value has risen to $185.68 million.
In the market, Bitcoin once reached $63,629 before falling back to $62,715 during the Asian session; Ethereum dropped to $1,696. The report noted that weakness in AI concept stocks and a decline in the South Korean stock market continued to weigh on overall risk asset sentiment.
