Spot Bitcoin ETFs traded in the US saw a modest net inflow of $3.05 million on Wednesday, halting a 13-session streak of continuous outflows that had wiped out over $4.4 billion since mid-May. However, data indicates this recovery remains limited for now.
Limited recovery in Bitcoin ETFs
The ongoing outflows had reduced the total assets under management in spot Bitcoin ETFs to $80.40 billion, significantly down from $104.29 billion at the start of the outflow period. BlackRock’s IBIT fund, the largest in the sector, registered an inflow of $47.66 million. In contrast, funds from Fidelity (FBTC), Bitwise (BITB), and Ark (ARKB) continued to see further outflows.
After 13 straight sessions of intense outflows, the $3.05 million net inflow is seen more as a brief pause than a genuine trend reversal.
According to data from CheckonChain, spot Bitcoin ETFs in the US now hold a combined 1.277 million BTC. This figure sits just above the February 23 low point of 1.274 million BTC, reached as Bitcoin was recovering from a previous slump. The amount of Bitcoin in ETFs peaked at 1.376 million BTC in October 2025, marking a 99,000 BTC, or 7.2%, decline since then.
Ether ETF net outflows also pause
Spot Ether ETFs showed a similar pattern, breaking a 17-session run of net outflows with a $19.30 million inflow on the same day. All of this new investment landed in BlackRock’s ETHA fund; net flows in other spot Ether ETFs remained flat.
Total assets managed by spot Ether ETFs currently stand at $9.78 billion, corresponding to 4.57% of the circulating market value of Ether. Since their 2024 launch, these products have attracted $11.21 billion in cumulative inflows. Nevertheless, the category is still operating about $2 billion below its year-high record.
The entirety of Wednesday’s $19.30 million net inflow to spot Ether ETFs was concentrated in BlackRock’s ETHA product, while all other products saw no net movement.
Hyperliquid-linked ETFs stand out
The only category to sustain consistent inflows during this broader period of outflows was Hyperliquid-linked HYPE ETFs. This group of three funds drew in another $12.15 million on Wednesday. Bitwise’s BHYP collected $7.45 million, while Grayscale’s new low-fee HYPG pulled $4.70 million in its debut trading session.
For context: Hyperliquid is a crypto platform focused on on-chain derivatives trading. HYPE refers to the asset associated with this ecosystem, and the ETFs mentioned are investment products based on this theme.
Since launching on May 12, HYPE ETFs have amassed a net asset value of $185.68 million in just under four weeks. Notably, every trading day during this period resulted in net inflows, marking these ETFs as outliers compared to others in the crypto space.
Market prices remain under pressure
Analysts noted that the fresh inflows into Bitcoin and Ether ETFs are negligible compared to the scale of previous outflows. The $3 million inflow after $4.4 billion in Bitcoin ETF exits is seen as statistically insignificant and may not signal a change in overall investor appetite. This movement came as Bitcoin was trading at $63,629 on the day.
During Asian trading hours, Bitcoin slipped to $62,715 and Ether dropped to $1,696. Broader market risk appetite also weakened. Global pressure intensified, highlighted by tech giant Broadcom’s disappointing outlook and a 4.7% drop in South Korea’s KOSPI index.
