Spot Bitcoin ETFs Log Second Weekly Inflows in 5 Months, Ether ETFs Rebound
Summary
US spot Bitcoin (BTC) ETFs recorded their second consecutive week of net inflows, attracting approximately $568.45 million this week, following $787.31 million the prior week, indicating renewed investor interest after a five-week streak of cumulative outflows totaling about $3.8 billion. Daily flows for Bitcoin ETFs were mixed, showing strong inflows early in the week but experiencing outflows on Thursday and Friday. Simultaneously, US spot Ether (ETH) ETFs also achieved their second straight week of net inflows, bringing in about $23.56 million this week after $80.46 million the previous week, ending a five-week withdrawal streak that saw over $1.38 billion in cumulative outflows. Furthermore, a market analyst noted that Bitcoin ETFs have matched roughly 15 years of cumulative gold ETF inflows in less than two years, suggesting strong institutional demand despite recent market volatility.
(Source:Cointelegraph)