Ether ETFs pulled in $27.42 million over the week ended July 31, their fourth straight week of inflows, while bitcoin funds lost $61.53 million and snapped a three-week winning streak. A Federal Reserve meeting split the week in two, and XRP and solana funds gained ground as HYPE extended its losing run.
Ether exchange-traded funds added $27.42 million in the week ended July 31, extending their run of weekly inflows to four. Bitcoin funds moved the other way, losing $61.53 million and ending three consecutive weeks of gains.
Bitcoin ETFs Whipsaw From Losses to a $233.13 Million Surge
Bitcoin funds opened the week with two losing sessions, as investors withdrew $11.64 million on Monday and $49.75 million on Tuesday, continuing an outflow run that began the prior week. Demand then returned at midweek: the funds added $32.11 million on Wednesday and $233.13 million on Thursday, when seven products recorded inflows and none posted a withdrawal.
Friday erased that recovery. A $265 million exit left bitcoin ETFs with a $61.53 million weekly outflow, though July still closed with $172.8 million in net inflows.
Blackrock's IBIT led the weekly winners with $86.9 million, followed by Morgan Stanley's MSBT at $7.4 million, Bitwise's BITB at $2.9 million and Vaneck's HODL at $2.3 million. Selling ran heavier elsewhere: Fidelity's FBTC lost $85.2 million, Grayscale's GBTC shed $52.6 million and ARK 21Shares' ARKB recorded a $30.6 million outflow.
A Fed Rate Hold Adds to Bitcoin's Swings
The Federal Reserve meeting split the week in two. Policymakers held the federal funds rate at 3.50% to 3.75% in a 9-3 vote, with three officials favoring a quarter-point increase. Fed Chairman Kevin Warsh said market interest rates had risen between meetings as the central bank stepped back from heavy reliance on forward guidance. That backdrop increased the sensitivity of macro-driven positions such as bitcoin ETFs.
Ether Extends Its Streak as XRP and Solana Also Gain
Ether funds produced a steadier pattern through the week: $9.23 million on Monday, $14.53 million on Tuesday, an $18.65 million outflow on Wednesday, then $13.29 million on Thursday and about $9 million on Friday.
XRP ETFs finished with $14.86 million in net inflows, led by Franklin Templeton's XRPZ, with demand accelerating on Thursday and Friday.
Solana ETFs added $2.82 million after absorbing an $18.07 million Tuesday withdrawal and recovering with a $19.06 million Wednesday inflow.
HYPE funds remained the laggard, with redemptions reaching $14.75 million across a third straight negative week, including an $8.78 million Wednesday exit.
Investors grew more selective as the week progressed, favoring ether's consistency and asset-specific opportunities in XRP and solana while trimming bitcoin's macro-sensitive exposure and HYPE positions.
Source: Bitcoin.com
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