Bitcoin Dominates Crypto ETF Inflows with $986.85M in a Week
- Bitcoin ETFs saw inflows of $986.85 million last week, capturing about 79.4% of total crypto ETF inflows.
- Total U.S. crypto ETF inflows reached $1.24 billion, marking the third consecutive week of gains.
- On Thursday, Bitcoin ETFs recorded their third-largest daily inflow of the year at $730.87 million.
- Ether ETFs ended the week with $218.41 million in net inflows.
- Combined turnover for Bitcoin and Ether ETFs fell approximately by a quarter to $19.3 billion.
The past week highlighted a strong institutional focus on core crypto assets, with Bitcoin and Ether together accounting for about 97% of total crypto ETF inflows despite a general cooling in trading activity across the market.
This trend underscores Bitcoin’s dominant position in the ETF market as it continues to attract significant institutional investment even amid fluctuating macroeconomic conditions and potential Federal Reserve rate changes impacting risk assets.
