U.S. spot bitcoin ETFs lost a net $95 million on Thursday, according to SoSoValue data, while ether ETFs lost about $52 million, ending a five-day inflow streak that had been the steadier side of the market.
Fidelity’s FBTC drove the bitcoin outflow with approximately $63 million, followed by ARKB with approximately $40 million. BlackRock’s IBIT was stable, neither adding nor losing money, and VanEck’s HODL and Morgan Stanley’s MSBT were the only funds in the green. Total bitcoin ETF assets sit close to $77 billion.
The Ether reversal was broader. Fidelity’s FETH lost around $34 million and BlackRock’s ETHA around $13 million, and Bitwise and BlackRock’s second fund was also negative. No ether fund recorded an inflow and net assets remained at around $9 billion.
The flows are lagging behind the tape. Bitcoin rose 3.5% on Friday to nearly $64,000 and is up 4.2% for the week, regaining everything it lost when Trump warned that attacks on Iran could intensify.
Ether added 2.6% to $1,760. The rally came from Asia, where South Korea’s Kospi jumped 4% on renewed optimism over AI demand and SK Hynix priced $26.5 billion in US depositary shares.
Institutional money has stayed out for most of a month in which bitcoin has traded between roughly $59,000 and $66,000 without breaking either way.
