Well, Bitcoin ETFs decided to play hard to get on Thursday, pulling a hefty $358.6 million out of their party vaults, crashing a sweet 10-day winning streak that had raked in a whopping $4.26 billion. Talk about a mood swing!
Only BlackRock’s IBIT kept the vibes alive, welcoming a cool $125 million like the popular kid at the crypto playground. Meanwhile, Fidelity’s FBTC was the biggest quitter, rushing out with $166.32 million, closely followed by Grayscale’s GBTC with $107.53 million heading for the exit. Ark and 21Shares’ ARKB weren’t far behind, losing $89.22 million, and Bitwise’s BITB also showed the door to $70.85 million. VanEck, Valkyrie, Invesco, and Franklin Templeton ETFs joined the exodus—clearly, it wasn’t a “stay and play” kind of day.
After 10 days of nonstop cash showers led mainly by BlackRock’s IBIT, the total inflows across the 12 Bitcoin ETFs hit a staggering $4.26 billion. Their grand cumulative net inflows soared to $45.34 billion by Wednesday before taking a tiny dip to $44.99 billion on Thursday, because even crypto parties have their hangovers.
Thursday’s $358.65 million outflow wasn’t just any exit, it was the biggest single-day ghosting the funds have seen since March 11. Trading volume didn’t shy away, though, jumping to $5.39 billion from $3.5 billion the day before. Guess the crowd was still around, just with lighter wallets.
Ethereum ETFs Keep the Crypto Party Rolling
Bitcoin itself dipped 2.43% over the last 24 hours, chilling at $105,254 when the press checked in. Ether wasn’t feeling great either, slipping 3.3% to $2,639.
But hey, not all the crypto squad were bailing. U.S.-listed spot Ethereum ETFs stayed loyal, raking in $91.93 million in net inflows on Thursday, stretching their winning streak to a solid nine days. Looks like Ethereum knows how to keep the party going.
Emily Johnson
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