Spot Bitcoin ETFs Log Second Weekly Inflows in 5 Months, Ether ETFs Rebound

Spot Bitcoin ETFs Log Second Weekly Inflows in 5 Months, Ether ETFs Rebound — Cointelegraph.com News
Source: Cointelegraph.com News

US spot Bitcoin exchange-traded funds recorded their second consecutive week of net inflows, the first back-to-back gains in five months. Spot Bitcoin ETFs attracted roughly $568.45 million in net inflows this week, after posting about $787.31 million the previous week.

Before the turnaround, the funds suffered roughly $3.8 billion in cumulative outflows across a five-week streak, with the largest weekly withdrawal—about $1.49 billion—occurring in the week ending Jan. 30. Daily flows were mixed: inflows of $458.19 million on Monday, $225.15 million on Tuesday and $461.77 million on Wednesday, followed by outflows of $227.83 million on Thursday and $348.83 million on Friday.

US spot Ether ETFs also posted a second straight week of inflows, drawing about $23.56 million this week after $80.46 million the prior week. They had endured more than $1.38 billion in outflows over five consecutive weeks, with the biggest weekly redemption—roughly $611 million—happening in the week ending Jan.

United States

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