Funds tracking the price of Bitcoin faced significant net outflows exceeding $460 million in just one week. Meanwhile, funds related to Ethereum continue to show positive net inflows, indicating growing interest in Ethereum. As of September 11, Bitcoin funds experienced outflows that began on Tuesday, September 5, with a loss of $46.65 million, which then increased to $120.24 million on Wednesday and $282.56 million on Thursday. Thus, the total outflows for the week amounted to $462.73 million, leading to a decrease in total net inflows from $55.62 billion to $55.15 billion.
However, funds investing in Ethereum performed well. At the start of the work week, there was a minor withdrawal of only $24.29 million, but by Wednesday, their net inflows reached $34.75 million. New outflows of $29.76 million were recorded by Thursday, but on Friday, the funds showed significant growth with net inflows of $216.41 million. This means that Ethereum ETFs continue to increase their raised funds, totaling $13.39 billion over the past weeks.
As a result, the last four weeks have been positive for Ethereum ETFs, with only one week out of the last ten showing outflows of just $2.26 million. Furthermore, the volatility of Ethereum's price on the day of the CPI data release also played a role: on September 11, the price of Ethereum rose by more than 8%, reaching $2,670, although it later retraced to around $2,500. Thus, Ethereum ETFs remain in the spotlight for investors looking to capitalize on the upcoming expansion of this asset.
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