US spot Bitcoin ETFs recorded $120.2 million in net outflows on Wednesday, extending a two-day pullback that erased roughly 4.4% of the $3.8 billion attracted during the funds’ strongest three-week stretch of 2026.
Tuesday saw $46.6 million in Bitcoin ETF withdrawals, marking the category’s first back-to-back outflow days since a three-day run ended on August 14. The combined $166.8 million outflow across the two sessions reversed a sustained inflow period that had driven Bitcoin ETFs to their best weekly performance this year.
Largest Redemptions Concentrated in Mega-Cap Funds
ARK 21Shares Bitcoin ETF (ARKB) led outflows on Wednesday with $78 million in withdrawals. Grayscale Bitcoin Trust ETF (GBTC) shed $27.2 million on the same day, extending losses across both sessions to $92.7 million. BlackRock iShares Bitcoin Trust ETF (IBIT) recorded $19.5 million in net redemptions over two days, while Morgan Stanley Bitcoin Trust (MSBT) attracted $4.5 million on Wednesday.
ARKB’s two-day net redemptions totaled $69.9 million, according to data from Farside Investors. IBIT’s cumulative withdrawals across the period reached $8.8 million.
Ether and Solana ETFs Show Mixed Signals
Ether ETFs reversed Tuesday’s outflows, attracting $34.7 million on Wednesday after withdrawing $24.3 million the prior day. Net inflows for Ether products across the two sessions totaled $10.4 million.
BlackRock ETHB led Ether inflows on Wednesday with $22.9 million, followed by BlackRock ETHA with $9.7 million and 21Shares TETH with $2.1 million. Solana ETFs, including Bitwise BSOL, posted $700,000 in outflows on Tuesday before rebounding to $11.2 million in inflows on Wednesday, for net gains of $10.5 million across the two sessions.
Hyperliquid ETFs continued to face pressure, recording $13 million in outflows on Tuesday and $5.3 million on Wednesday, totaling $18.3 million in withdrawals for the week.
Broader Context
Bitcoin ETFs have accumulated approximately $55 billion in cumulative net inflows since launch. However, 2026 net flows remain negative at roughly $1.07 billion in total outflows year-to-date.
Bitcoin traded near $78,000 on Thursday, according to CoinGecko price data, down from approximately $79,700 when the three-week inflow figures were reported. Ether was priced at $2,470, while Solana traded at $101.
