Bitcoin and Ethereum ETFs Bounce Back After Heavy Outflows

After suffering four days of persistent outflows, U.S. spot Bitcoin ETFs reversed course with $91.5 million in net inflows recorded on August 6.

This rebound follows a turbulent stretch that saw over $1.45 billion pulled from the market earlier in the week.

BlackRock and Bitwise Lead the Turnaround

According to data from SoSoValue, BlackRock’s IBIT fund brought in $41.93 million, marking the highest inflow of the day. Bitwise’s BITB followed closely, securing $26.35 million, while Grayscale’s GBTC added another $14.5 million. Other ETFs such as those from Fidelity (FBTC) and VanEck (HODL) also saw modest inflows, while Ark Invest’s ARKB slipped with a $5.37 million outflow.

The sharp reversal has been interpreted by analysts as a renewed vote of confidence in crypto markets by institutional players. Nick Ruck of LVRG noted that inflow activity during periods of low price volatility often signals long-term conviction, especially as Bitcoin stabilizes around the $114,500 mark.

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Ethereum ETFs Regain Positive Momentum

Ethereum-based funds joined the rally with BlackRock’s ETHA attracting $33.39 million in fresh capital. Grayscale’s ETHE added $10.04 million, although its core ETH trust saw a minor $8.67 million withdrawal, highlighting mixed sentiment. Other ETH funds from Fidelity, Bitwise, and VanEck reported neutral to modest gains.

The ETH inflows offer relief after the $617 million in cumulative outflows seen just days prior, suggesting that investor sentiment may be shifting again as macroeconomic uncertainty and ETF volatility continue to shape crypto fund activity.