Crypto ETFs Swell to $2.07 Billion Amid Strong Demand
Crypto exchange-traded funds (ETFs) have continued their strong run, pulling in $2.07 billion this week as Bitcoin and Ether led the charge.
The money kept coming for Bitcoin ETFs, which added $924.48 million over the course of the week. Inflows started on Monday with $337.56 million, followed by $314.37 million on Tuesday, $232.12 million on Wednesday, and $242.24 million on Thursday.
However, Friday saw a brief interruption to this run, as a $201.81 million withdrawal ended the nine-session inflow streak worth roughly $3 billion.
Ether ETFs also sustained strong momentum, with daily inflows rising from $115.57 million on Monday to $179.80 million on Tuesday, and continuing to increase each day until Friday when another $102 million arrived.
The altcoin market saw some positive flows as well, with Solana, $XRP, and $HYPE ETFs recording inflows in every session of the week. Solana ETFs delivered the second-biggest weekly inflow since inception at $153.87 million, while $XRP and $HYPE attracted $110.49 million and $56.86 million respectively.