Fidelity Sells $46M of Bitcoin, Ether Sees Modest Gains Amid Choppy ETF Flows

The midweek session for crypto ETFs saw a shift in tone as bitcoin lost ground again. Bitcoin ETFs recorded $61.16 million in net withdrawals, with Fidelity's FBTC seeing the larger exit at $46.82 million and Blackrock's IBIT adding another $14.34 million in outflows.

No other bitcoin fund reported net flow activity during the session. In contrast, ether ETFs finished in positive territory with $7.38 million in net inflows, directed primarily into Blackrock's ETHA.

The result erased the modest $4.89 million inflow recorded a day earlier and added to the choppy tone that has defined Bitcoin ETF demand so far this week.