Bitcoin exchange-traded funds pulled in $68.99 million on Wednesday, extending their winning streak to seven consecutive sessions with total inflows approaching $1 billion. Meanwhile, ether ETFs outpaced Bitcoin by attracting $72.64 million in a single day as investors continue to allocate capital heavily toward these top digital assets.
Inflows Highlight Market Preferences
Blackrock’s Bitcoin ETF IBIT topped the charts with $38.78 million in inflows, followed closely by Grayscale’s Bitcoin Mini Trust, which added $37.88 million. Fidelity’s FBTC also contributed $21.49 million. Smaller gains were seen in Bitwise’s BITB and Morgan Stanley’s MSBT, collectively bringing in around $9 million. These inflows were partially offset by a sizable $38.3 million withdrawal from Grayscale’s GBTC, yet the net result remained positive.
Across the full week, Bitcoin ETFs have accumulated $999.38 million. Ether’s ETF inflows, though concentrated over fewer days, reached $184.93 million in four sessions, fueled primarily by Blackrock’s ETHA, which attracted $53.47 million, and Fidelity’s FETH with $19.18 million. no ether ETFs reported outflows, underscoring growing investor appetite.
On the flip side, Solana ETFs diverged from this trend, slipping by $1.27 million with withdrawals from Fidelity’s FSOL and Grayscale’s GSOL funds. XRP and HYPE ETFs remained flat, logging no net creations or redemptions, though XRP ETFs maintained assets above the $1 billion mark.
Bitcoin ETF trading volume hit $1.11 billion on Wednesday, while the total net assets for bitcoin funds settled at $80.36 billion, slightly down from the previous session amid broader market shifts. Ether ETF trading volume reached $597.49 million, with net assets totaling $10.57 billion. These figures highlight ongoing rotation within crypto investment vehicles as institutional players seek diversified exposure.
Peter Schiff’s views on tech and crypto shows the cautious environment despite these inflows.
