On Wednesday, U.S. spot bitcoin ETFs logged net inflows of $3.05 million — a tiny number that nonetheless snapped a 13-session outflow run that had drained roughly $4.4 billion from the products. The reversal wasn't limited to bitcoin: ether ETFs also broke their own 17-day losing streak, pulling in $19.30 million, entirely on the back of BlackRock's ETHA fund.
Bitcoin funds break the slide
The $3.05 million inflow into spot bitcoin ETFs is modest by any measure — the funds often move hundreds of millions in a day. But after thirteen straight days of redemptions totaling more than $4 billion, even a small positive print carries weight. The streak had been the longest and deepest since the ETFs launched in early 2024. Wednesday's data suggests some buyers stepped in, at least temporarily, to halt the bleeding.
Ether ETFs see a bigger bounce
Ether ETFs staged a stronger recovery in percentage terms. The $19.30 million inflow ended a 17-day outflow streak that had persisted since mid-May. BlackRock's ETHA alone accounted for the entire net positive — other ether funds remained flat or slightly negative. The concentration in BlackRock's product mirrors the pattern seen across the broader ETF landscape, where the issuer's brand and fee structure often attract the bulk of new money.
What the reversal signals
It's too early to call a trend. One day of inflows doesn't erase weeks of persistent redemptions, and the macro backdrop — rate uncertainty, regulatory noise, seasonality — hasn't changed overnight. But the fact that both bitcoin and ether ETFs flipped positive on the same day is notable. It suggests the selling pressure that dominated May may be exhausting itself, at least for now. The real test: whether inflows continue through the rest of the week, or whether Wednesday was just a blip in a longer downtrend.
