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Bitcoin ETFs notch third inflow week as Ether ETFs shed $138M

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Bitcoin ETFs notch third inflow week as Ether ETFs shed $138M

Written by Helen Partz staff writer Reviewed by Yohan Yun staff editor

Bitcoin ETF inflows reached a third straight week, while Ether ETFs swung to outflows and Zcash funds posted their first weekly outflow.

US spot Bitcoin exchange-traded funds (ETFs) recorded a third consecutive week of net inflows as Ether ETFs flipped back to net outflows.

Bitcoin ETFs attracted $241.1 million last week, lifting cumulative net inflows to $57.8 billion, according to SoSoValue data.

The funds added $2.4 billion and $6.2 million the two preceding weeks, with year-to-date net inflows now at around $1.2 billion.

Ether ETFs recorded $138 million in weekly net outflows after attracting $690 million the week before. Year-to-date net inflows stood at about $1.5 billion, according to SoSoValue data.

Bitcoin traded at about $86,200 at the time of publication, up 3.7% over the past seven days, according to CoinGecko. Ether traded at about $2,727, up 3% over the same period.

Among other altcoin ETFs, Zcash funds posted their first weekly outflow on record, shedding around $94 million, while Solana and XRP ETFs extended their inflow streaks with $2.4 million and $4.7 million, respectively.

Crypto market sentiment also softened. Alternative.me’s Crypto Fear & Greed Index remained in “Greed” territory at 70, down from 74.

This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

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