Fidelity’s FBTC Leads $222 Million Bitcoin ETF Rebound After 10 Days of Outflows

CN
1 hour ago

Key Takeaways:

    • Bitcoin ETFs gained $221.72M led by Fidelity’s FBTC, ending a 10-day outflow streak.
    • Ether, XRP, Solana and HYPE ETFs all rose, signaling broader investor confidence.
    • Blackrock’s ETHA added $29.74M as crypto ETF demand showed signs of recovery.
  • The crypto exchange-traded fund (ETF) market finally caught a bid.

    After weeks of redemptions and a punishing close to June, Thursday delivered the kind of session investors had been waiting for. Bitcoin led the rebound, but the strength was not limited to one corner of the market. Every major crypto ETF category recorded inflows.

    Bitcoin ETFs posted $221.72 million in net inflows, ending a 10-day run of redemptions. It was also the category’s strongest inflow since May 5.

    Fidelity’s FBTC led the recovery with a $165.96 million addition. Ark & 21Shares’ ARKB followed with $91.84 million, while Vaneck’s HODL brought in $4.35 million.

    Blackrock’s IBIT was the only fund to record an outflow, losing $40.43 million. Even so, the broader inflows were strong enough to pull the category firmly into positive territory. Total bitcoin ETF value traded reached $2.13 billion, while total net assets closed at $74.37 billion.

    Ether ETFs also joined the rebound, adding $29.08 million. Blackrock’s ETHA led with $29.74 million in inflows. Vaneck’s ETHV added $1.24 million, and Fidelity’s FETH brought in $846,460.

    Grayscale’s ETHE was the lone drag, with a $2.75 million outflow. Total Ether ETF value traded stood at $669.66 million, and net assets closed at $9.02 billion.

    Bloomberg analyst James Seyffart noted that cumulative flows for U.S. spot ether ETFs have fallen to a new low of $10.7 billion, with $4.25 billion in outflows since October and $1.1 billion leaving over the past roughly six weeks. He added that ETF holders are sitting on sizable losses, with an average cost basis just under $3,400, while ether recently traded near $1,700.

    Fidelity’s FBTC Leads $222 Million Bitcoin ETF Rebound After 10 Days of Outflows

    Source: Bloomberg Intelligence via James Seyffart on X

    XRP ETFs logged $6.55 million in net inflows, all through Bitwise’s XRP ETF. Total value traded was $12.74 million, while net assets closed at $987.91 million.

    HYPE ETFs added $2.24 million, primarily through Bitwise’s BHYP. Total value traded reached $25.98 million, with net assets closing at $336.41 million.

    Solana ETFs completed the all-green session with $2.20 million in net inflows, primarily through Bitwise’s BSOL. Total value traded was $77.71 million, and net assets closed at $936.01 million.

    Thursday’s flows did not erase the damage from June, but they changed the tone. Bitcoin found its first real relief in more than two weeks, ether joined the move, and altcoin ETFs showed that buyers are still willing to step back in when the market offers a cleaner entry point.

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