Bitcoin ETFs post third straight inflow week as Ether falls
U.S. spot Bitcoin ETFs drew $241.1 million for a third straight week, while Ether ETFs recorded $138 million in outflows after taking in $690 million the week before.
U.S. spot Bitcoin exchange-traded funds recorded a third consecutive week of net inflows, attracting $241.1 million. Ether ETFs had $138 million in net outflows after recording $690 million in inflows the previous week.
The latest Bitcoin ETF inflows brought cumulative net inflows to $57.8 billion, according to SoSoValue data. The funds took in $2.4 billion two weeks earlier and $6.2 million the week before that. Their net inflows for the year totaled about $1.2 billion.
Ether ETFs’ weekly outflows lowered their gains for the year, while cumulative net inflows remained at about $1.5 billion. The funds had recorded positive weekly flows in the previous period after attracting $690 million.
Bitcoin traded at about $86,200 at the time of publication, up 3.7% over seven days. Ether traded near $2,727, up 3% over the same period, according to CoinGecko.
Zcash funds recorded their first weekly outflow since launch, losing about $94 million. Solana and XRP ETFs extended their inflow streaks, attracting $2.4 million and $4.7 million, respectively.
Alternative.me’s Crypto Fear & Greed Index fell to 70 from 74 but remained in the “Greed” category.
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