Bitcoin ETFs End Week Positive Amid Ether Outflows
- Bitcoin ETFs experienced a $8.99 million inflow, led by Fidelity’s FBTC with $7.29 million.
- Vaneck’s HODL contributed $4.74 million in inflows, offsetting Blackrock’s IBIT $3.04 million outflow.
- Ether ETFs saw significant outflows totaling $71.10 million, with Blackrock’s ETHA leading at $46.66 million.
- XRP and Solana ETFs recorded modest gains of $64,600 and $932,800 respectively.
The week closed with contrasting trends in crypto ETFs as Bitcoin funds returned to positive territory while Ether continued to face strong selling pressure. Smaller assets like XRP and Solana showed signs of investor interest despite broader market caution.
This mixed performance suggests a market in transition, with Bitcoin gaining selective confidence while Ether struggles amid large withdrawals from major funds like Blackrock’s ETHA ((Source)
