Home Bitcoin, Ether ETFs End Eight-week Outflow Streak With $282M Weekly Inflows

Bitcoin, Ether ETFs End Eight-week Outflow Streak With $282M Weekly Inflows

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Bitcoin, Ether ETFs End Eight-week Outflow Streak With $282M Weekly Inflows
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U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) returned to weekly net inflows for the first time since early May, attracting a combined $281.8 million during the five trading days ending Friday, according to The Block’s analysis of SoSoValue data.

Bitcoin ETFs accounted for approximately $197.4 million of the total, ending an eight-week period that saw nearly $8.26 billion flow out of the products.

Investors added over $622.7 million during the five trading days that concluded on May 8, marking the previous strong week. Following the longest period of withdrawals since U.S. spot Bitcoin ETFs started trading in January 2024, the most recent inflows represent a notable reversal.

As Bitcoin and Ethereum continue to draw interest from traditional financial markets through regulated investment products, the resurgence of investor interest indicates increasing market sentiment and may also be a sign of increased institutional trust.

https://sosovalue.com/dashboard/total-crypto-spot-btc-eth-etf-fund-flow-1d

Source: sosovalue.com

 

 

 

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