Bitcoin ETFs Post Third Consecutive Week of Inflows as Ether Funds Lose $138M
Key Takeaways
- •US spot Bitcoin ETFs attracted $241.1 million in net inflows last week, marking a third consecutive week of gains and pushing cumulative net inflows to $57.8 billion since their January 2024 debut.
- •Ether ETFs returned to net outflows of $138 million for the week, after recording $690 million in net inflows the previous week.
- •Zcash funds registered their first weekly outflow on record, losing approximately $94 million.
- •Solana and XRP ETFs extended their inflow streaks, attracting $2.4 million and $4.7 million respectively.
- •Bitcoin traded near $86,200 and Ether near $2,727 over the week, while the Crypto Fear & Greed Index slipped from 74 to 70, remaining in Greed territory.
US spot Bitcoin exchange-traded funds (ETFs) recorded a third consecutive week of net inflows, while Ether ETFs returned to net outflows and Zcash funds posted their first weekly outflow on record.
ETF flow tallies measure the net difference between capital entering and leaving fund shares over a given period, making weekly readings a running gauge of demand for crypto exposure through regulated, brokerage-accessible products. Bitcoin ETFs attracted $241.1 million last week, bringing cumulative net inflows to $57.8 billion, according to SoSoValue data. The funds recorded inflows of $2.4 billion and $6.2 million in the two preceding weeks. Year-to-date net inflows now stand at approximately $1.2 billion, a figure that counts only flows recorded since the start of the year, while the cumulative total dates back to the products' US debut in January 2024.
Ether ETFs recorded $138 million in net outflows for the week after taking in $690 million the previous week. Their year-to-date net inflows were approximately $1.5 billion, according to SoSoValue data. US spot Ether ETFs began trading in July 2024.
Bitcoin traded at about $86,200 at the time of publication, up 3.7% over the previous seven days, according to CoinGecko. Ether traded at approximately $2,727, representing a 3% gain over the same period, according to CoinGecko.
Among other altcoin ETFs, Zcash funds recorded their first weekly outflow on record, losing approximately $94 million, according to SoSoValue data. Solana and XRP ETFs extended their inflow streaks, attracting $2.4 million and $4.7 million, respectively, according to SoSoValue data and SoSoValue data.
Crypto market sentiment also weakened. The Alternative.me Crypto Fear & Greed Index remained in “Greed” territory at 70, down from 74. The index combines market volatility, trading momentum, social media activity, dominance and trend data into a daily score ranging from 0 (“Extreme Fear”) to 100 (“Extreme Greed”). The next weekly flow readings from SoSoValue will show whether Bitcoin funds extend their streak and whether outflows from Ether and Zcash products continue.
Related: Bitcoin ETF inflows leave institutional demand unclear: CoinShares
