Key Takeaways:
Bitcoin ETFs lost $70.47M, with Blackrock IBIT leading outflows at $61.45M.Ether ETFs fell $28.14M for an eighth straight day, driven by Blackrock ETHA exits. XRP ETFs gained $1.45M via Canary XRPC as solana ETF flows stalled on Wednesday.Fidelity’s FBTC added another $10.12 million in outflows, reinforcing the cautious sentiment around the largest bitcoin-linked funds. Morgan Stanley’s MSBT provided the only positive flow of the session with a modest $1.11 million inflow, though it was far from enough to offset the broader selling pressure.
Ether ETFs followed a similar pattern. The category recorded net outflows of $28.14 million, extending its negative streak to eight consecutive trading days. Blackrock’s ETHA remained the primary source of weakness, losing $30.94 million during the session. Fidelity’s FETH posted an additional $1.60 million outflow.
Outside the major assets, activity was considerably quieter.
For now, the pace of selling appears to be moderating, but investor sentiment remains cautious. The next few sessions will likely determine whether the market is stabilizing or simply pausing before another round of repositioning.
