Bitcoin ETFs Keep Winning, Ether ETFs Bleed $138 Million
US spot Bitcoin ETFs have recorded a third consecutive week of net inflows, with $241.1 million poured in last week. This brings their cumulative net inflows to $57.8 billion since their launch. In contrast, Ether ETFs experienced net outflows of $138 million, reversing their previous week's net inflows of $690 million.
Zcash funds, which had previously never recorded a week of net outflows, shed about $94 million last week, marking their first weekly outflow on record. Meanwhile, Solana and XRP ETFs continued their streaks of consecutive inflow weeks, adding $2.4 million and $4.7 million, respectively.
The Crypto Fear & Greed Index, which measures investor sentiment, remained in 'Greed' territory at 70, down from 74 in its previous reading. Bitcoin was trading at around $86,200 at the time of the report, while Ether traded at around $2,727.