Bitcoin ETFs Pull In $32.1 Million as Price Slips Under $64,000

US spot Bitcoin ETFs snapped a four-day losing streak Wednesday, pulling in $32.1 million in net inflows even as Bitcoin’s price slid to roughly $63,300 during US trading hours. Not exactly a roaring comeback — but a reversal is a reversal.

The four sessions before Wednesday had been rough. More than $500 million drained out of US-listed spot Bitcoin ETFs across those four consecutive days of outflows, leaving the week’s cumulative balance at a net outflow of $29.29 million. So Wednesday’s $32.1 million flip back to positive didn’t erase the week’s damage, but it stopped the bleeding. Monthly inflows for Bitcoin ETFs still sit at $204.7 million, and the cumulative total since launch has now hit $51.36 billion — a number that’s hard to argue with, whatever the short-term noise says. Data for those figures came from SoSoValue and CoinGecko.

Ether ETFs Tell a Different Story

On the same day Bitcoin ETFs turned positive, spot Ether ETFs went the other direction. US-listed Ether funds saw net outflows of $18.65 million Wednesday. But zoom out a little and the picture looks much better for Ether: monthly net inflows have reached $342.9 million, which is actually ahead of Bitcoin ETFs’ $204.7 million monthly figure. That’s a gap worth noting. Ether’s monthly performance has been stronger even while Bitcoin grabs most of the daily headlines.

It’s a bit of a strange split. Bitcoin ETFs are recovering from a brutal stretch of outflows, while Ether ETFs bleed on the daily but rack up bigger monthly totals. Probably says something about who’s buying what and on what timeline. Institutional money moving slowly into Ether on a monthly basis while short-term traders cycle in and out? Maybe. Unclear, really — the data doesn’t spell out the buyer profile.

Fear Index Sits at 28, Still Cautious

The Crypto Fear & Greed Index came in at 28 Wednesday, squarely in “fear” territory. That’s one point lower than the day before, so sentiment didn’t improve. But compared to a month ago, when the index was reading “extreme fear,” 28 is at least a step up. Not great. Not a disaster either.

Bitcoin itself was trading at $63,990 at the time the data was published — down 0.2% over 24 hours and off 2.5% for the week. Ether sat at $1,902, down 1.1% over seven days. Both assets are under pressure, which makes the ETF inflow numbers somewhat surprising. Investors put money into Bitcoin ETFs on a day when Bitcoin’s price was falling. That kind of divergence between price action and fund flows is worth watching. It can mean buyers see the dip as an entry point, or it can mean the inflows are small enough that they don’t really signal conviction. At $32.1 million, the number is positive but not massive.

See also: Bitcoin Holds Near $64,200 as ETF Outflows Hit $526.5 Million Across Four Sessions

The broader market mood reflected in the Fear & Greed Index lines up with what the prices are doing. A score of 28 means most participants are nervous, watching carefully, not exactly rushing in. And yet someone was buying Bitcoin ETFs. That’s the contradiction sitting at the center of Wednesday’s data.

Ether’s situation is kind of its own thing. The daily outflow of $18.65 million sounds bad, but $342.9 million in monthly inflows is a real number. It’s bigger than Bitcoin’s monthly figure, which is not what most people would expect given how much more attention Bitcoin ETFs get in the press. Ether ETFs have been building momentum quietly.

The week’s net outflow figure of $29.29 million for Bitcoin ETFs puts Wednesday’s reversal in context. One day of $32.1 million in inflows doesn’t fix a week that’s still in the red. But it does break the streak, and streaks matter psychologically in markets. Four straight days of outflows can feed on themselves — Wednesday’s number at least interrupts that pattern.

Bitcoin’s price dipped to $63,300 during US trading hours before recovering slightly to $63,990. That’s a pretty narrow range, and the dip didn’t last. Whether that holds is anyone’s guess. The Fear & Greed Index at 28 doesn’t exactly scream stability is coming.

More context: Meta AI Sees Bitcoin Hitting $78K as CLARITY Act Vote Looms

Cumulative net inflows across all US spot Bitcoin ETFs stand at $51.36 billion.