Bitcoin ETFs snapped a four-day outflow streak with $32.1 million in net inflows, while Ether ETFs recorded $18.65 million in outflows.
US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, ending a four-session outflow streak that totaled over $500 million. The rebound occurred despite Bitcoin dipping below $64,000 during US trading hours, with the cryptocurrency trading at $63,990 at publication, down 0.2% over 24 hours.
This week, Bitcoin ETFs have seen net outflows of $29.29 million, though monthly inflows reached $204.7 million. Cumulative net inflows across all funds stand at $51.36 billion. Meanwhile, US spot Ether ETFs logged $18.65 million in outflows on Wednesday, despite monthly inflows of $342.9 million, surpassing Bitcoin ETFs’ monthly tally.
Ether traded at $1,902, down 1.1% over the past seven days. The Crypto Fear & Greed Index remained in ‘fear’ territory with a score of 28, reflecting cautious sentiment.