Bitcoin ETF inflows return with $32.1 million after four-day slide

Bitcoin ETF inflows turned positive again on Wednesday, giving crypto investors a break from four straight trading sessions of withdrawals. US-listed spot Bitcoin exchange-traded funds recorded $32.1 million in net inflows even as Bitcoin briefly traded near $63,300 during US market hours, according to SoSoValue data and CoinGecko pricing.

The reversal came after the funds shed more than $500 million combined across the previous four sessions, according to Cointelegraph, which cited market data. For retail investors, ETF flows are a useful demand gauge because they show whether money is entering or leaving listed products that track crypto exposure through regular brokerage accounts.

An ETF lets investors buy a basket of investments or an asset-linked fund in one trade. In this case, spot Bitcoin ETFs are US-listed funds tied to Bitcoin exposure, so net inflows mean more money came into the group than went out during the trading day.

What happened to Bitcoin ETF inflows this week?

Even with Wednesday’s inflow, the week remained slightly negative for US spot Bitcoin ETFs. SoSoValue data showed the products had $29.29 million in net outflows for the week so far.

The monthly picture looked better. US spot Bitcoin ETFs had drawn $204.7 million in net inflows for the month, while cumulative net inflows across the products stood at $51.36 billion, according to SoSoValue.

Bitcoin’s price action did not line up neatly with the day’s fund flows. CoinGecko showed Bitcoin at $63,990 at the time of publication, down 0.2% over 24 hours and 2.5% over the previous seven days. Earlier in the US session, Bitcoin briefly slipped to about $63,300, according to CoinGecko data cited by Cointelegraph.

Ether ETFs moved the other way

US-listed spot Ether ETFs had a weaker day. The funds posted $18.65 million in net outflows on Wednesday, according to SoSoValue data cited by Cointelegraph.

That daily outflow did not erase Ether funds’ stronger monthly showing. Spot Ether ETFs had attracted $342.9 million in net inflows for the month, above the $204.7 million monthly inflow recorded by spot Bitcoin ETFs.

Ether traded at $1,902 at the time of publication, down 1.1% over the previous seven days, according to CoinGecko. The data points to a split market: Bitcoin funds recovered on the day, while Ether funds still led on the monthly flow tally.

Crypto sentiment stayed in fear

Broader crypto sentiment remained cautious. The Crypto Fear & Greed Index, published by Alternative.me, showed a “fear” reading of 28 on Thursday, one point lower than Wednesday.

The index had improved from “extreme fear” one month earlier, according to Alternative.me. The index is a sentiment indicator, so it does not predict prices by itself, but it gives investors a quick read on whether market conditions are being viewed with anxiety or confidence.

For now, the main takeaway is narrow but notable: Bitcoin ETFs stopped a four-session run of redemptions, while Ether ETFs logged a daily outflow despite stronger demand over the month.

This story draws on original reporting from Cointelegraph.