Fidelity’s FETH Draws $70.5M as Bitcoin ETFs See Outflows
On July 8, Fidelity’s FETH added $69.21 million as ether ETFs drew $70.48 million in inflows; bitcoin ETFs saw $84.86 million in net outflows.
On Wednesday, July 8, ether exchange-traded funds attracted net inflows of $70.48 million, led by Fidelity’s FETH, which added $69.21 million. Bitcoin ETFs recorded $84.86 million in net outflows the same day.
Grayscale’s GBTC had the largest bitcoin withdrawal, with $63.69 million leaving the fund. BlackRock’s IBIT saw $59.13 million in redemptions and Fidelity’s FBTC had $14.88 million of outflows. Grayscale’s Bitcoin Mini Trust added $52.83 million. Total value traded in bitcoin ETFs was about $1.54 billion and the group’s total net assets closed at $75.34 billion.
Ether ETFs posted their fifth consecutive day of inflows. VanEck’s ETHV contributed $1.27 million alongside FETH. Total value traded in ether ETFs reached $483.21 million and net assets ended the session at $9.34 billion.
HYPE-branded funds added $3.33 million, primarily into Grayscale’s HYPG; HYPE net assets closed at $355.48 million with $20.29 million traded. Solana ETFs recorded $8.65 million in outflows, led by Bitwise’s BSOL with $6.61 million and Grayscale’s GSOL with $2.04 million withdrawn; Solana net assets stood at $894.05 million with $77.92 million traded. XRP ETFs posted $7.29 million in outflows from Bitwise’s XRP product; XRP net assets were $983.40 million with $12.59 million traded.
The figures show the daily flows and trading volumes across the major crypto ETF categories on July 8.
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