Fidelity’s FETH Drives $70. 5 Million Ether ETF Inflow as Bitcoin Turns Negative
Crypto ETF flows split sharply on Wed. , July 8, as bitcoin ETFs returned to outflows with an $84. 9 million exit. Ether ETFs remained the clear bright spot, drawing $70. 5 million for a fifth straight day of. . .
Crypto ETF flows split sharply on Wed. , July 8, as bitcoin ETFs returned to outflows with an $84. 9 million exit. Ether ETFs remained the clear bright spot, drawing $70. 5 million for a fifth straight day of inflows, while HYPE stayed positive and both solana and XRP funds moved lower. Key TakeawaysBitcoin ETFs lost $84. 86M, while ether ETFs gained $70. 48M for a 5th straight inflow day. Fidelity’s FETH led ether’s gains as HYPE remained positive, while solana and XRP weakened. ETF demand is turning selective, with ether leading while bitcoin faces renewed pressure. Grayscale’s GBTC Leads $84. 9 Million Bitcoin ETF Exit as Ether Stays StrongThe recovery incryptoexchange-traded funds (ETFs) is no longer moving in a straight line. After several days of improving flows,bitcoinslipped back into the red, pulled lower by exits from Grayscale, Blackrock and Fidelity products. Ether, however, continued to attract fresh capital, suggesting investors are becoming more selective rather than stepping away fromcryptoexposure altogether. Bitcoin Reverses Course as Ether Holds FirmBitcoin ETFsrecorded $84. 86 million in net outflows, ending their recent positive run. Grayscale’s GBTC led the exits, with $63. 69 million leaving the fund. Blackrock’s IBIT saw a $59. 13 million outflow, while Fidelity’s FBTC shed $14. 88 million. There was one meaningful offset. Grayscale’sBitcoinMini Trust added $52. 83 million, helping soften the day’s decline but not enough to pull the category into positive territory. Totalbitcoin ETFvalue traded stood at $1. 54 billion, while total net assets closed at $75. 34 billion. Ether ETFs told a very different story. The category posted $70. 48 million in net inflows, marking its fifth consecutive day in positive territory. Fidelity’s FETH accounted for nearly all of the gain, adding $69. 21 million. Vaneck’s ETHV brought in another $1. 27 million. Total ether ETF value traded reached $483. 21 million, with net assets closing at $9. 34 billion. Green July so far for ether ETFs. Source: SosovalueHYPE Stays Positive as Solana and XRP WeakenHYPE ETFs remained resilient, adding $3. 33 million. The inflow was primarily directed into Grayscale’s HYPG, keeping the category in positive territory even as otheraltcoinfunds weakened. Total HYPE ETF value traded was $20. 29 million, while net assets closed at $355. 48 million. SolanaETFs moved the other way, recording $8. 65 million in net outflows. Bitwise’s BSOL led the withdrawals with $6. 61 million, while Grayscale’s GSOL saw $2. 04 million leave the fund. TotalsolanaETF value traded came in at $77. 92 million, and net assets closed at $894. 05 million. XRPETFs also finished in the red, with $7. 29 million in outflows entirely from Bitwise’sXRPproduct. Total value traded was $12. 59 million, while net assets closed at $983. 40 million. Wednesday’s flows showed a market that is recovering unevenly. Ether continues to draw steady demand, butbitcoin’s return to outflows and the weakness insolanaandXRPsuggest investors are still quick to trim exposure when momentum fades.