THE BLOCK: Spot bitcoin ETFs flip back to net outflows, losing $85 million on Wednesday; ether ETFs take in $70.5 million
AI Market Summary
Spot bitcoin ETFs flipped back to net outflows (\$85m), signaling softer marginal demand via regulated US vehicles and potentially tightening near-term liquidity. In contrast, ether ETFs posted net inflows (\$70.5m), highlighting relative strength in ETH-linked allocation and a rotation within crypto beta. The divergence can influence short-term relative performance, hedging flows, and dealer positioning across BTC and ETH markets.
Impact level
● Medium
Affected assets
BTC/USDT+0.29%
AI Insight · BTC/USDTAI Insight
● Neutral
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THE BLOCK reported that spot bitcoin ETFs swung back to net outflows on Wednesday, posting $85 million in net redemptions. Ether ETFs moved in the opposite direction, logging $70.5 million in net inflows.