Bitcoin and Ether ETFs Experience Significant Weekly Gains
After a challenging start to the week, Bitcoin and Ether exchange-traded funds (ETFs) made a remarkable recovery, ending with substantial net inflows of $247 million and $327 million respectively. This turnaround was driven by strong institutional participation, particularly on Thursday and Friday.
Bitcoin ETFs saw a total inflow of $246.75 million for the week. Leading the pack was Blackrock’s IBIT with an impressive $188.92 million contribution, followed by Bitwise’s BITB which added $62.26 million. Other notable performers included Grayscale’s Bitcoin Mini Trust with $30.58 million and Vaneck’s HODL with $25.57 million. However, Fidelity’s FBTC, Valkyrie’s BRRR, and Ark 21Shares’ ARKB were the only significant laggards, reporting outflows.
On the Ether side, ETFs closed with a net inflow of $326.83 million. Blackrock’s ETHA and Fidelity’s FETH were the frontrunners, contributing $105.44 million and $109.05 million respectively. Other contributors included Grayscale’s ETHE and Ether Mini Trust, along with Bitwise’s ETHW and Vaneck’s ETHV.
Trading volumes remained robust, with daily figures ranging from $3 to $4 billion for BTC ETFs and $1 to $2 billion for ETH ETFs. This indicates a sustained appetite from investors. The midweek sentiment shift and subsequent rebound suggest that institutional confidence in the crypto market is strong.
