US-listed spot Bitcoin ETFs recorded $120.2 million in net outflows on Wednesday, extending a two-day withdrawal streak to $166.8 million after the funds absorbed $3.8 billion over the previous three weeks, according to Farside Investors. The reversal marks the first consecutive days of net outflows since a three-day run of withdrawals ended on Aug. 14, though it has so far erased only a small portion of the recent intake.
ARKB, the spot Bitcoin fund managed by ARK Invest and 21Shares, led Wednesday’s redemptions with $78 million in net outflows. Grayscale’s GBTC lost a further $27.2 million, while BlackRock’s IBIT recorded $19.5 million in withdrawals. MSBT was the only Bitcoin ETF to post positive daily flows, adding $4.5 million.
The figures followed $46.6 million in net outflows on Tuesday. Across the two sessions, GBTC saw the largest combined redemption total at $92.7 million, Farside data shows. ARKB lost $69.9 million over the same period, while IBIT’s two-day net outflow reached $8.8 million.
The $166.8 million pullback represents roughly 4.4% of the $3.8 billion accumulated during the category’s strongest three-week stretch of 2026. The scale of the recent buying provides context for the reversal: the funds have not unwound their prior gains in flows, but the shift shows that demand has become less consistent after a concentrated period of allocations.
Bitcoin funds remain below recent inflow momentum
Spot Bitcoin ETFs have recorded about $55 billion in cumulative net inflows since their US launch, according to Farside Investors. Their 2026 net flows remain negative by approximately $1.07 billion, despite the strong three-week intake that preceded this week’s withdrawals.
That split between cumulative inflows and this year’s net redemptions illustrates how quickly the ETF market can change direction. Fund flows reflect creations and redemptions of ETF shares, rather than a direct measurement of every spot-market trade. Large daily withdrawals can therefore emerge even when Bitcoin remains near a relatively narrow price range.
Bitcoin traded near $78,000 on Thursday, according to CoinGecko pricing cited in the supplied market data. That was down from about $79,700 when the recent three-week inflow total was reported. The modest price decline alongside renewed redemptions suggests that some ETF holders may be reducing exposure after the previous inflow run rather than responding to a single sharp market break.
The concentration of Wednesday’s outflows also matters. ARKB accounted for almost two-thirds of the day’s reported net withdrawals, while GBTC and IBIT made up most of the remainder. IBIT has been one of the most closely watched products in the category because of its scale and role in prior inflow periods; its $19.5 million daily outflow was relatively limited beside ARKB’s redemption figure.
Ether and Solana funds return to positive territory
US spot Ether ETFs moved in the opposite direction on Wednesday, posting $34.7 million in net inflows after $24.3 million in outflows on Tuesday. The rebound left the Ether ETF category with $10.4 million in net inflows for the holiday-shortened week.
ETHB led the day’s Ether ETF inflows with $22.9 million, followed by ETHA with $9.7 million and TETH with $2.1 million. The remaining products recorded no net flows, according to the figures provided.
Ether changed hands near $2,470 on Thursday. While that price level remained below earlier market highs, the return to positive ETF flows separated Ether’s weekly fund activity from the larger Bitcoin withdrawals. It also shows that redemptions in Bitcoin products did not translate into uniform selling pressure across listed US cryptocurrency funds.
Spot Solana ETFs likewise returned to net inflows, adding $11.2 million on Wednesday after roughly $700,000 in outflows on Tuesday. Their two-session result was a $10.5 million net inflow, with BSOL receiving all of Wednesday’s new money. Solana traded near $101, according to the supplied CoinGecko data.
The different outcomes across Bitcoin, Ether and Solana funds point to selective positioning rather than a wholesale exit from US-listed crypto products. Bitcoin funds absorbed the largest redemptions in dollar terms, while Ether and Solana products drew fresh allocations during the same session.
Hyperliquid products extend withdrawals
Hyperliquid ETFs remained under pressure for a second consecutive day. The funds lost $5.3 million on Wednesday, following $13 million in withdrawals on Tuesday, bringing the week’s total net outflow to $18.3 million.
The outflows in that smaller category are modest beside Bitcoin ETF volumes, but they reinforce the uneven distribution of demand across crypto-linked funds. Funds tied to different assets can see sharply different creation and redemption activity even within the same market session, depending on liquidity, product size and trader positioning.
The latest numbers leave Bitcoin ETF flows at an inflection point after the $3.8 billion three-week surge. Another round of sizable redemptions would test whether the recent demand was a temporary allocation burst, while a return to inflows would make this week’s withdrawals look more like a limited pause after an unusually strong run.
Worried about ETF outflows? Learn how Bitcoin ETF outflows really influence long-term crypto strategy.
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