U.S. spot crypto exchange-traded products suffered combined net outflows of about $70.7m during the 14-18 September trading week, with $140.6m withdrawn from Ether ETFs despite stronger demand for Bitcoin, Solana and Hyperliquid funds.
Spot Bitcoin ETFs finished almost flat, recording a $6.1m weekly net inflow after a $433m surge on Friday. Solana ETFs attracted $60.7m, while Hyperliquid products gained $3.1m.
The movements came during a volatile week in which the Federal Reserve raised interest rates by 25 basis points. Bitcoin subsequently recovered above $80,000.
According to data from Farside Investors, Bitcoin funds recovered from combined withdrawals of $746.3m on Tuesday and Wednesday. Ether products, however, were unable to make up their midweek losses. Solana funds recorded inflows in four of the five sessions, while Hyperliquid ended positive after three gains offset an early-week decline.
Bitcoin ETFs recover after heavy withdrawals
Bitcoin ETFs began the week with a $159.9m inflow, before losing $450.4m on Tuesday and $295.9m on Wednesday. Thursday brought a $159.5m increase, followed by Friday’s $433m inflow, the largest of the week.
BlackRock’s IBIT led the weekly figures with $120.6m in net inflows. Fidelity’s FBTC followed with $79.9m, including $310.7m on Friday, the biggest single-fund inflow that day.
Morgan Stanley’s MSBT received $13.2m and Franklin Templeton’s EZBC gained $4.6m. Those gains were partly offset by withdrawals of $141.9m from ARK 21Shares’ ARKB and $62.3m from Grayscale’s GBTC. Bitwise’s BITB lost $2.7m and VanEck’s HODL shed $5.3m.
Bitcoin’s return above $80,000 coincided with the late weekly recovery. The Federal Reserve had raised its target rate by 25 basis points to 3.75%-4.00%, its first increase in more than three years. Bitcoin later rallied as oil prices eased and crypto-linked stocks recovered.
Ether remains the weakest category
Ether ETFs recorded roughly $140.6m in net withdrawals. They took in $121.1m on Monday, but lost $142m on Tuesday, $224.1m on Wednesday and $39.3m on Thursday. Friday’s $143.7m inflow reduced the deficit but did not erase it.
BlackRock’s ETHA posted a $56.1m weekly outflow despite receiving $114.3m on Friday. Fidelity’s FETH lost $25.9m, Bitwise’s ETHW $33.1m, Grayscale’s ETHE $31.4m, VanEck’s ETHV $10.3m, 21Shares’ TETH $1.9m and Invesco’s QETH $5.4m.
BlackRock’s ETHB gained $7m, while Grayscale’s lower-fee ETH fund attracted $16.2m. Farside said rounded daily fund figures can create small differences when added together.
The Ether total compared with $405.4m withdrawn across the previous three sessions, while Bitcoin funds recovered nearly all of their midweek losses.
Solana leads alternative funds
Solana ETFs had the strongest weekly performance among the four categories, gaining $11m on Monday, $1.3m on Tuesday and $800,000 on Wednesday. Thursday was unchanged before Friday produced $47.6m.
Bitwise’s BSOL accounted for $58.7m of the weekly total, including all of Friday’s inflow. Grayscale’s GSOL added $2m overall, after a $3.9m Monday gain was partly cancelled by a $1.9m Wednesday withdrawal. The remaining Solana products had no net movement.
Hyperliquid ETFs lost $3.9m through Bitwise’s BHYP on Tuesday after a flat Monday. 21Shares’ HYPG then gained $1.7m on Wednesday, followed by $1.9m for BHYP and $2.4m for 21Shares’ THYP on Thursday. BHYP added $1m on Friday, leaving the category with a $3.1m weekly inflow.
