Crypto Trading Stands Strong Amid Macro Uncertainty
Crypto trading has shown resilience despite macro uncertainty, with Bitcoin ETFs attracting nearly $1 billion in weekly inflows. The institutional demand for spot Bitcoin exchange-traded funds (ETFs) continued to strengthen, as they recorded a net of $986.9 million during the week ended September 4.
BlackRock's iBit dominated the latest flows, pulling in $691.5 million, which accounted for roughly 70% of the weekly total. The inflows mark three consecutive weeks of positive performance for spot Bitcoin ETFs, with the category attracting a net of $924.5 million the previous week.
Ethereum funds also remained firmly in positive territory, with US spot Ether ETFs bringing in $218.4 million during the week. This marks their third straight week of inflows, although trading volume dropped to $4.1 billion from $6.3 billion.