Bitcoin News

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

By James Thorp

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Ether ETFs Tell a Different Story. On the same day Bitcoin ETFs turned positive, spot Ether ETFs went the other direction.

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Fear Index Sits at 28, Still Cautious. The Crypto Fear & Greed Index came in at 28 Wednesday, squarely in "fear" territory.

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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.

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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…

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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.

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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.

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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.

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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.

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

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The broader market mood reflected in the Fear & Greed Index lines up with what the prices are doing.

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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.

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The week's net outflow figure of $29.29 million for Bitcoin ETFs puts Wednesday's reversal in context. One day of $32.

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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.

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

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

The Currency Analytics

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