Bitcoin, ether ETFs snap multi-day inflow streaks with $219 million in combined outflows

Investors withdrew a total of $219.2 million from U.S.-listed spot bitcoin and ether exchange-traded funds (ETFs) on Wednesday, marking the first day of net redemptions for both asset classes after a period of consecutive inflows. Spot bitcoin products saw $163.5 million in outflows, breaking a seven-session streak of net inflows, while the ether fund cohort recorded $55.7 million in net negative flow, its first since March 9. Fidelity's FBTC led bitcoin ETF redemptions with $103.8 million, and BlackRock's IBIT saw its first outflow in eight days ($33.9 million). For ether ETFs, Fidelity's FETH led outflows with $37.1 million. These outflows coincided with a broader market decline, as Bitcoin fell below $70,000 and Ether dropped over 4% in the preceding 24 hours.

(Source：The Block)