ETFs Turn Tables: BTC Surges Past $80K as Ethereum Streak Comes to End

During what was expected to be the most important macro week of the year for crypto markets, Bitcoin and Ethereum ETFs displayed unusual behavior. On Monday, spot BTC ETFs gained $160 million, but this momentum reversed on Tuesday after the US Senate voted against the CLARITY Act, with investors pulling out $450.33 million.

The landscape improved slightly on Thursday, with net inflows of just under $160 million. However, it was Friday that turned the tables, with actual net inflows reaching a two-week peak of $433.03 million entering the funds. This had a twofold effect: the ETF week turned green by $6.21 million, and BTC's price soared from $76,000 to over $80,000.

Meanwhile, spot Ethereum ETFs had been enjoying an impressive streak, with cumulative total net inflows increasing from under $10.9 billion to almost $13.4 billion in the past couple of months. However, this streak came to an end during the past week, with $140 million leaving the funds.