U.S. crypto exchange-traded funds (ETFs) ended the week on a positive note, even after Bitcoin ETFs recorded $240.08 million in net outflows on July 24.
U.S. spot Bitcoin ETFs had total inflows of $33.79 million for the week, per data from Farside Investor. Ethereum ETFs were next with $103 million, while Solana ETFs saw about $7.20 million go into them.
Dogecoin ETFs also brought in some $345,000. However, HYPE ETFs were on the opposite side, with about $1.72 million in outflows.
The weekly result came after a sharp change in Bitcoin ETF flows on Friday. Investors pulled $240 million from U.S. spot Bitcoin ETFs on July 24, after a $225.1 million withdrawal on Thursday, ending a seven-session run of daily inflows. Before the withdrawals, the funds had attracted nearly $1 billion in fresh money over the previous seven trading sessions.
BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with the number, recording $212.2 million leaving the fund. Fidelity’s FBTC lost $27.9 million, while several other funds ended the day with no net flows.
Overall, the week ended with crypto ETFs still attracting more money than they lost. Bitcoin’s late-week outflow stood out, but strong weekly inflows across Bitcoin, Ethereum, Solana, and Dogecoin ETFs kept the broader crypto ETF market in positive territory. to ETF market in positive territory.
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