Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak
U.S. spot bitcoin ETFs lost a net $95 million on Thursday, per SoSoValue data, while ether ETFs shed about $52 million, ending a five-day inflow run that had been the steadier side of the market.
Fidelity's FBTC drove the bitcoin outflow with roughly $63 million, followed by ARKB at about $40 million. BlackRock's IBIT was flat, neither adding nor losing money, and VanEck's HODL and Morgan Stanley's MSBT were the only funds in the green. Total bitcoin ETF assets sit near $77 billion.
Ether's reversal was broader. Fidelity's FETH lost about $34 million and BlackRock's ETHA roughly $13 million, with Bitwise and BlackRock's second fund also negative. No ether fund posted an inflow, and net assets held at about $9 billion.
The flows are lagging the tape. Bitcoin rose 3.5% on Friday to nearly $64,000 and is up 4.2% on the week, recovering everything it lost when Trump warned that strikes on Iran could intensify.
Ether added 2.6% to $1,760. The rally came out of Asia, where South Korea's Kospi jumped 4% on renewed AI-demand optimism and SK Hynix priced $26.5 billion of American depositary shares.
Institutional money has now sat out most of a month in which bitcoin has traded between roughly $59,000 and $66,000 without breaking either way.