US spot Bitcoin exchange-traded funds (ETFs) posted a third consecutive week of net inflows, while Ether ETFs moved back to net outflows over the same period.
Bitcoin ETFs continue to attract inflows
According to data from SoSoValue, Bitcoin ETFs recorded $241.1 million in net inflows last week. This brought their total cumulative net inflows to $57.8 billion.
In the two previous weeks, the funds attracted $2.4 billion and $6.2 million, respectively. Year-to-date, Bitcoin ETFs have brought in approximately $1.2 billion in net inflows.
Bitcoin traded near $86,200, showing a 3.7% price increase over the past seven days, according to CoinGecko.
Bitcoin ETFs amassed $241.1 million in net inflows last week, pushing total net inflows to $57.8 billion, based on SoSoValue’s data.
Ether ETFs shift to outflows
Ether ETFs registered $138 million in net outflows for the week, following a previous weekly inflow of $690 million. Year-to-date figures indicate Ether ETFs have attracted about $1.5 billion in net inflows, as reported by SoSoValue.
Ether traded around $2,727, gaining 3% in the past week.
Mixed results in altcoin ETFs
Among other altcoin ETFs, Zcash funds experienced their first-ever weekly outflow, losing close to $94 million. In contrast, Solana ETFs continued their streak of inflows with $2.4 million, and XRP ETFs saw an inflow of $4.7 million for the week.
Mini dictionary: Zcash, a privacy-focused cryptocurrency, uses cryptographic techniques such as zero-knowledge proofs to enable confidential transactions on its network.
| ETF | Weekly Net Inflow/Outflow | Year-to-Date Net Inflow |
|---|---|---|
| Bitcoin | $241.1 million inflow | $1.2 billion inflow |
| Ether | $138 million outflow | $1.5 billion inflow |
| Zcash | $94 million outflow | N/A |
| Solana | $2.4 million inflow | N/A |
| XRP | $4.7 million inflow | N/A |
Market sentiment and index update
Overall crypto market sentiment saw a modest decline. Alternative.me’s Crypto Fear & Greed Index remained in “Greed” territory with a score of 70, down from 74 previously.
Crypto funds saw uneven movements as Bitcoin maintained steady inflows, Ether reversed to outflows, and altcoin ETFs showed mixed performance.
