Bitcoin and Ether ETFs Snap Record Outflow Streaks as Sentiment Shifts

Key Facts

1U.S. spot Bitcoin ETFs recorded $3.05 million in net inflows, ending a 13-day withdrawal streak.

2Spot Ether ETFs ended a 17-session outflow streak with $19.3 million in inflows, led by BlackRock's ETHA.

3Bitcoin ETFs lost more than $4.4 billion during the outflow streak that began in mid-May.

In a move reflecting a potential shift in investor risk appetite, spot cryptocurrency ETFs have successfully snapped their historic outflow streaks. U.S. spot Bitcoin ETFs recorded net inflows of $3.05 million, ending a 13-day withdrawal period. Similarly, spot Ether ETFs ended a 17-session outflow streak with $19.3 million in fresh capital led by BlackRock’s ETHA, providing relief after Bitcoin funds alone shed more than $4.4 billion since mid-May.

This reversal comes as traders anticipate the upcoming Non-Farm Payrolls (NFP) data, signaling a rotation in market positions. Compared to historical performance, market data shows that BlackRock's (BLK) iShares Bitcoin Trust continues to lead in assets under management, outpacing peers like Fidelity and Bitwise. The return to positive territory for Ether ETFs reflects cautious optimism regarding institutional adoption for the second-largest cryptocurrency following the recent launch of its spot instruments.

Investors should monitor current liquidity levels, with BlackRock (BLK) shares closing at $812.45 (close June 5, 2026). Looking ahead, the economic calendar highlights a speech by Fed Chair Powell on May 31 and the U.S. ISM Manufacturing PMI data on June 1. These catalysts will be crucial in determining the dollar's trajectory and, consequently, the near-term appeal of digital assets for retail and institutional traders.