Live updates: Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak
liveUpdated 17 minutes ago
Spot bitcoin funds lost about $95 million on Thursday and ether funds roughly $52 million, ending the one bright spot in crypto’s institutional flows even as prices rallied.
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Bitcoin has broken above $64,000, rising more than 1% over the past 24 hours. The move has coincided with a sharp narrowing in the Coinbase Premium discount, which has improved from around negative 150 at the start of July to roughly negative 40.
The Coinbase Premium measures the price difference between bitcoin on Coinbase and Binance. A negative reading indicates bitcoin is trading at a discount on Coinbase, often suggesting relatively weaker US spot demand. As that discount has narrowed, bitcoin has rallied from around $58,000 to above $64,000.
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U.S. spot bitcoin ETFs lost a net $95 million on Thursday, per SoSoValue data, while ether ETFs shed about $52 million, ending a five-day inflow run that had been the steadier side of the market.
Fidelity’s FBTC drove the bitcoin outflow with roughly $63 million, followed by ARKB at about $40 million. BlackRock’s IBIT was flat, neither adding nor losing money, and VanEck’s HODL and Morgan Stanley’s MSBT were the only funds in the green. Total bitcoin ETF assets sit near $77 billion.
Ether’s reversal was broader. Fidelity’s FETH lost about $34 million and BlackRock’s ETHA roughly $13 million, with Bitwise and BlackRock’s second fund also negative. No ether fund posted an inflow, and net assets held at about $9 billion.
The flows are lagging the tape. Bitcoin rose 3.5% on Friday to nearly $64,000 and is up 4.2% on the week, recovering everything it lost when Trump warned that strikes on Iran could intensify.
Ether added 2.6% to $1,760. The rally came out of Asia, where South Korea’s Kospi jumped 4% on renewed AI-demand optimism and SK Hynix priced $26.5 billion of American depositary shares.
Institutional money has now sat out most of a month in which bitcoin has traded between roughly $59,000 and $66,000 without breaking either way.
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Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Jul 7, 2026
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.