Bitcoin ETFs Rally While Ether ETFs Lose Ground
US spot Bitcoin ETFs continued their winning streak last week, pulling in $241.1 million in net inflows. This marks the third consecutive week of positive flows for Bitcoin funds, which have now accumulated $57.8 billion since their launch. Despite a slight dip in market sentiment, Bitcoin’s price rose 3.7% to $86,200, reinforcing investor confidence.
In contrast, Ether ETFs experienced a reversal, with $138 million in net outflows following a strong previous week of $690 million in inflows. Despite this setback, Ether ETFs remain in positive territory year-to-date, with net inflows of about $1.5 billion. Ether’s price also increased 3% to $2,727, showing resilience amid the outflows.
Zcash funds recorded their first-ever weekly outflow, losing $94 million. Meanwhile, Solana and XRP ETFs extended their inflow streaks, adding $2.4 million and $4.7 million, respectively. The Crypto Fear & Greed Index remained in “Greed” territory at 70, though it cooled slightly from the previous 74.