What happened?
On Wednesday Bitcoin spot ETFs saw about $20.3 million of net inflows while Ethereum spot ETFs recorded roughly $127.5 million of net outflows. BlackRock’s IBIT led the Bitcoin inflows (about $107.8M) while Grayscale’s GBTC and several ETH funds saw notable withdrawals. The rotation came as markets reacted to renewed U.S.–China tariff threats and investors braced for upcoming U.S. CPI data.
Who does this affect?
This affects anyone with exposure to crypto ETFs — retail investors, hedge funds and large institutional holders alike. Big asset managers like BlackRock, Fidelity and Grayscale feel the impact through changing AUM and flow-driven trading. Traders and portfolio managers will also see liquidity and sentiment shifts that can change short-term price action for both Bitcoin and Ether.
Why does this matter?
ETF flows can move markets, so steady Bitcoin inflows tend to support BTC’s price while heavy Ethereum outflows put downward pressure on Ether in the near term. With U.S.–China trade tension and a key CPI print looming, those flows are amplified as investors rotate into perceived safer or more liquid crypto bets. If Bitcoin inflows persist it could push BTC higher, while continued ETH redemptions could create volatility and potential buying opportunities if on‑chain accumulation holds up.