U.S. spot ETF flows were a roller coaster this week: first came hefty inflows, then a single-day outflow of more than $740 million. By the end of the week, net inflows were down to just over $87 million, almost wiping out the earlier gains.
The divergence was pretty telling: Bitcoin funds still took in more than $300 million net for the week, while Ethereum funds saw outflows of over $220 million. BlackRock’s funds were a microcosm of the trend: its Bitcoin trust attracted more than $560 million, while its Ethereum trust shed over $230 million.
The money hasn’t exactly left, but it’s clearly changing positions. The question now is whether these funds will turn around and head straight back out next week.
The divergence was pretty telling: Bitcoin funds still took in more than $300 million net for the week, while Ethereum funds saw outflows of over $220 million. BlackRock’s funds were a microcosm of the trend: its Bitcoin trust attracted more than $560 million, while its Ethereum trust shed over $230 million.
The money hasn’t exactly left, but it’s clearly changing positions. The question now is whether these funds will turn around and head straight back out next week.