Bitcoin spot ETFs rebounded Wednesday with $101.15 million in net inflows, reversing Tuesday's $236.5 million outflow—the category's largest single-day exit since July 31. The reversal came as spot Ethereum and XRP ETFs broke their recent winning streaks.
Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had accumulated $1.62 billion. BlackRock's iShares Ethereum Trust led the exodus with $53.4 million in outflows, followed by Fidelity's FETH with $26.2 million and Grayscale's Ethereum Staking ETF with $23.5 million. BlackRock's staked Ethereum ETF partially offset the decline, absorbing $52.9 million in inflows.
Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session inflow run that had brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. The withdrawal came almost entirely from Bitwise's XRP fund.
Bitcoin ETFs led the rebound, with BlackRock's IBIT pulling in $115.45 million on its own, more than the day's entire net total for Bitcoin. Grayscale's original GBTC fund still lost $56.21 million.
Solana ETFs also posted a $6.13 million outflow the same day, suggesting capital consolidating into Bitcoin rather than spreading across digital assets broadly. Ethereum and XRP had each run their longest inflow streaks in months, making a pause to lock in gains likely overdue on both.
Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2024, bringing total net assets across the category to $97.22 billion. Cumulative inflows have reached $54.7 billion since the funds launched in January 2024.
