US spot Bitcoin ETFs pulled in $241.1 million last week, a third straight week of net inflows, while Ether funds reversed into outflows. Zcash ETFs posted their first weekly outflow on record as crypto market sentiment cooled.
US spot Bitcoin ETFs attracted $241.1 million last week, extending their run to a third consecutive week of net inflows. The haul lifted cumulative net inflows to $57.8 billion, according to SoSoValue data.
The funds had added $2.4 billion and $6.2 million in the two preceding weeks, with year-to-date net inflows now around $1.2 billion. Bitcoin traded at about $86,200 at the time of publication, up 3.7% over the past seven days, according to CoinGecko.
By contrast, Ether ETFs recorded $138 million in weekly net outflows after drawing $690 million the week before, with year-to-date net inflows for the funds at about $1.5 billion, SoSoValue data show. The token traded at about $2,727, up 3% over the same seven-day period, according to CoinGecko.
Among other altcoin ETFs, Zcash funds posted their first weekly outflow on record, shedding around $94 million. Solana and XRP ETFs, however, extended their inflow streaks, adding $2.4 million and $4.7 million, respectively.
Crypto market sentiment also softened. Alternative.me's Fear and Greed Index remained in "Greed" territory at 70, down from 74.
Source: Cointelegraph.com News
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