Bitcoin ETFs Extend Inflows Streak as Ether ETFs See Outflows

Bitcoin exchange-traded funds (ETFs) continued their positive momentum with a third straight week of net inflows, while Ether ETFs saw a reversal to net outflows. According to SoSoValue data, Bitcoin ETFs attracted $241.1 million last week, bringing cumulative net inflows to $57.8 billion. The funds had previously added $2.4 billion and $6.2 million in the two preceding weeks, with year-to-date net inflows now at around $1.2 billion.

In contrast, Ether ETFs recorded $138 million in weekly net outflows after attracting $690 million the week before. Year-to-date net inflows for Ether ETFs stood at about $1.5 billion. Among other altcoin ETFs, Zcash funds posted their first weekly outflow on record, shedding around $94 million. Meanwhile, Solana and XRP ETFs extended their inflow streaks with $2.4 million and $4.7 million, respectively.

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