Bitcoin ETFs Maintain Inflow Streak Despite Slowing Institutional Demand
- Bitcoin ETFs attracted $241.08 million last week, marking a third consecutive week of net inflows.
- Blackrock led with $450.18 million in net inflows, while Fidelity’s FBTC saw outflows of $167.94 million.
- Ether ETFs experienced a $138 million net outflow, with Fidelity’s FETH accounting for $74.06 million.
- Zcash ETFs ended a five-week inflow streak with a $93.56 million outflow.
- Bitwise’s NEAR fund debuted with $58.35 million in its first week.
Despite a significant slowdown from previous weeks, Bitcoin ETF inflows continued for the third week in a row, driven largely by Blackrock’s substantial contributions. Meanwhile, Ether and Zcash experienced notable outflows, indicating shifting investor interest within the cryptocurrency market.
This trend highlights ongoing institutional engagement in cryptocurrency investments, albeit with varying levels of enthusiasm across different assets as new funds like Bitwise’s NEAR attract attention during their debut week.
