Spot ether exchange-traded funds in the U.S. pulled in $72.64 million on Wednesday, edging past bitcoin ETFs which added $68.99 million the same day, according to data compiled by GFdaily. The shift marks a rare instance where ether funds outpaced their bitcoin counterparts, with BlackRock's ETHA alone drawing $53 million.
Ether funds flip the script
Wednesday's inflow into ether ETFs wasn't just a win — it was a clear lead. BlackRock's ETHA accounted for the bulk of the action, pulling in $53 million. The rest came from other issuers, though the data doesn't break out individual contributions beyond BlackRock. It's the first time in weeks that ether funds have topped bitcoin funds on a single day, and the margin — about $3.65 million — is enough to turn heads.
Bitcoin's seven-day run
Bitcoin ETFs didn't have a bad day. They added $68.99 million, extending their inflow streak to seven consecutive sessions. But the pace has slowed from earlier in the month, when daily inflows regularly topped $100 million. Wednesday's number is solid but not spectacular, and it's the first time in that streak that ether funds have stolen the spotlight.
Solana, XRP, HYPE see mixed flows
Not every crypto ETF is riding the wave. Solana funds recorded modest outflows on Wednesday, though the data doesn't specify the exact amount. XRP and HYPE funds posted no net flows — flat for the day. The divergence suggests investors are rotating within the space, favoring ether and bitcoin over smaller altcoin products for now.
What to watch Thursday
Wednesday's data is a snapshot, not a trend. But it's a notable one. Traders will be watching Thursday's flows to see if ether can hold its lead or if bitcoin reclaims the top spot. Either way, the seven-day bitcoin streak and the ether surge show demand for spot crypto ETFs isn't fading — it's just shifting.
