Bitcoin ETFs Bounce Back, Ether Funds End Inflow Streak
Bitcoin ETFs managed to recover from their losses earlier in the week thanks to $433 million in net inflows on Friday, pushing their weekly total into only slight positive territory. The funds saw $160 million in inflows on Monday, but were followed by outflows of $450.3 million on Tuesday and $296 million on Wednesday.
The recovery was led by Fidelity's FBTC fund, which received $310.7 million in inflows, while BlackRock's IBIT fund received $108.4 million. However, other Bitcoin funds lost a total of approximately $194.4 million for the week.
Ether ETFs did not fare as well, with weekly net outflows reaching approximately $140 million and ending their four-week inflow streak. Despite attracting $143.8 million in inflows on Friday, BlackRock's ETHA fund closed the week with a $56.1 million loss.