A four-day period of withdrawals from U.S. spot Bitcoin exchange-traded funds (ETFs) concluded on Wednesday, as the funds attracted $32.1 million in net inflows. This positive turn occurred even as the price of Bitcoin momentarily fell beneath the $64,000 mark.

This reversal follows four consecutive trading sessions where combined outflows surpassed $500 million. According to data sourced from SoSoValue and CoinGecko, the shift back to positive territory happened on a day when Bitcoin's price briefly dropped to approximately $63,300 during U.S. trading hours.

Bitcoin ETF Performance Metrics

Looking at the broader picture, U.S. spot Bitcoin ETFs have seen net outflows totaling $29.29 million for the week so far. However, monthly figures remain positive, with net inflows reaching $204.7 million. Since their inception, the cumulative net inflows for these funds now stand at an impressive $51.36 billion.

Contrasting Flows for Ether ETFs

While Bitcoin funds showed signs of a rebound, U.S.-listed spot Ether ETFs experienced net outflows of $18.65 million on Wednesday. Despite this daily withdrawal, Ether ETFs have performed strongly for the month, attracting $342.9 million in net inflows to date. This monthly figure significantly outpaces the $204.7 million gathered by their Bitcoin counterparts over the same period.

Market Prices and Sentiment

At the time of publication, the market price for Bitcoin stood at $63,990. This represents a 0.2% decrease over the last 24 hours and a 2.5% drop over the past week. Concurrently, Ether was trading at $1,902, marking a 1.1% decline over the previous seven days.

Market sentiment, as measured by the Crypto Fear & Greed Index, registered a score of 28 on Thursday, keeping it within the “fear” category. This reading is one point lower than the previous day, though it reflects an improvement from the “extreme fear” level observed one month prior.