Fidelity’s FETH Drives $70.5 Million Ether ETF Inflow as Bitcoin Turns Negative

Grayscale’s GBTC Leads $84.9 Million Bitcoin ETF Exit as Ether Stays Strong

The recovery in crypto exchange-traded funds (ETFs) is no longer moving in a straight line.

After several days of improving flows, bitcoin slipped 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 from crypto exposure altogether.

Bitcoin Reverses Course as Ether Holds Firm

Bitcoin ETFs recorded $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’s Bitcoin Mini Trust added $52.83 million, helping soften the day’s decline but not enough to pull the category into positive territory. Total bitcoin ETF value 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.

HYPE Stays Positive as Solana and XRP Weaken

HYPE ETFs remained resilient, adding $3.33 million. The inflow was primarily directed into Grayscale’s HYPG, keeping the category in positive territory even as other altcoin funds weakened. Total HYPE ETF value traded was $20.29 million, while net assets closed at $355.48 million.

Solana ETFs 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. Total solana ETF value traded came in at $77.92 million, and net assets closed at $894.05 million.

XRP ETFs also finished in the red, with $7.29 million in outflows entirely from Bitwise’s XRP product. 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, but bitcoin’s return to outflows and the weakness in solana and XRP suggest investors are still quick to trim exposure when momentum fades.