Spot Bitcoin ETFs recover with $433.03 million inflow as Ethereum streak ends

  • Spot Bitcoin ETFs finished the week positive after reversing earlier withdrawals on Friday.
  • $433.03 million entered Bitcoin funds Friday, while Ethereum funds recorded a $140 million weekly outflow.
  • Bitcoin rose from $76,000 to above $80,000 on Friday; Ethereum exceeded $2,600 Friday and Saturday.

Spot Bitcoin ETFs ended the week with a modest $6.21 million net inflow after investors withdrew heavily following the U.S. Senate vote on the CLARITY Act and the Federal Reserve’s first rate hike in more than three years. Friday’s $433.03 million inflow, the funds’ strongest daily result in two weeks, pushed the weekly total into positive territory and coincided with Bitcoin rising from about $76,000 to above $80,000. Spot Ethereum ETFs, by contrast, ended a run in which only one of the previous 10 business weeks had recorded an outflow. Their cumulative net inflows had climbed from below $10.9 billion to nearly $13.4 billion, but the latest week saw $140 million leave the funds. Ethereum nevertheless moved above $2,600 on Friday and Saturday before retreating to just below that level following the latest developments in the Middle East.

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Spot Bitcoin ETFs recover with $433.03 million inflow as Ethereum streak ends - CoinPost Terminal