US Bitcoin and Ether ETFs See Consecutive Weekly Inflows
- US spot Bitcoin ETFs recorded approximately $568.45 million in net inflows this week.
- This marks the second consecutive week of inflows, following $787.31 million the previous week.
- Prior to this, Bitcoin ETFs faced about $3.8 billion in cumulative outflows over five weeks.
- Spot Ether ETFs also saw inflows of roughly $23.56 million this week, after $80.46 million last week.
- Both ETF categories had previously experienced significant outflows, with Ether seeing over $1.38 billion withdrawn across five weeks.
The recent inflow trends indicate a renewed interest from investors in both Bitcoin and Ether, reversing earlier withdrawal patterns that had persisted for several weeks.
In total, US spot Bitcoin ETFs have matched nearly fifteen years of gold ETF inflows within just two years, highlighting strong institutional demand even amid market fluctuations.(Source)
