Bitcoin, Ether Funds Resume Redemptions Amid Waning Momentum

Crypto ETF flows weakened on Thursday, July 9, as bitcoin and ether funds posted significant outflows. Bitcoin ETFs lost $95.30 million, led by exits from Fidelity's FBTC, which saw a $63.25 million redemption, and Ark & 21Shares' ARKB, which had $39.93 million leave the fund.

These redemptions were partly offset by smaller inflows elsewhere, with Vaneck's HODL adding $5.36 million, Morgan Stanley's MSBT drawing $2.17 million, and Bitwise's BITB bringing in $343,040. The total bitcoin ETF value traded was $1.38 billion, while the total net assets closed at $76.51 billion.

Ether ETFs also turned lower after five straight days of inflows, posting a $52.08 million outflow. Fidelity's FETH led the exits with a $33.96 million redemption, followed by Blackrock's ETHA losing $12.67 million and Bitwise's ETHW seeing $2.75 million leave.

Solana ETFs recorded a modest $605,110 net outflow, while HYPE and XRP ETFs saw no trading activity for the day. Japan signaled plans to study crypto ETFs as global digital asset adoption expands, with Finance Minister Satsuki Katayama stating that Japan wants to examine a legal path for crypto ETFs.