Over the past week, Bitcoin ETFs have attracted significant net funds, while Ethereum ETFs faced outflows. Spot Bitcoin ETFs demonstrated substantial growth in the last days of September, garnering $2.4 billion in net inflows. This operation allowed them to move from the red zone of the year to positive results. Recall that in May, $2.43 billion was withdrawn from the funds, and in June – $4.5 billion, highlighting the challenging months for investors.
On September 28, a new week began with net inflows of $31.07 million, and on September 29, this figure reached $66.19 million. However, on September 30, despite positive inflation data, investors were cautious and withdrew $148.69 million. Nevertheless, on October 1, net inflows returned to $102.67 million, and on October 2, an additional $31.7 million was added. As a result, the week ended with $83 million in net inflows. This figure is not particularly impressive compared to the weekly record of $2.39 billion, but after a modest week with an inflow of $6.21 million and a week with an outflow of $462.73 million, this is a good sign.
Unfortunately, the performance of Ethereum ETFs has been less favorable. In the first week of October, after an inflow of $17.10 million on Monday, there were subsequent withdrawals: $2.81 million on Tuesday, $59.58 million on Wednesday, and $55.37 million on Thursday, followed by another $17.3 million on Friday. Consequently, the week ended with net outflows of approximately $114 million. This marks the second instance in three weeks where outflows were observed. The only reassuring aspect for Ethereum ETFs was the previous growth, which amounted to nearly $690 million. As a result, the total amount of net inflows decreased from a recent peak of $13.94 billion to $13.80 billion.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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