Daily News 19

Tag: Ether ETFs

  • Crypto ETFs Attract $2.07 Billion as Bitcoin and Ether Lead Weekly Inflows

    Crypto ETFs Attract $2.07 Billion as Bitcoin and Ether Lead Weekly Inflows

    Crypto ETF demand broadened this week as Bitcoin funds recorded $924.48 million in net inflows and Ether funds attracted $824.42 million. Capital also moved into altcoin ETFs, with Solana, $XRP and $HYPE funds posting positive flows in every trading session.

    Bitcoin ETFs record $924.48 million in weekly inflows

    Bitcoin ETFs received $337.56 million on Monday and $314.37 million on Tuesday. Inflows continued with $232.12 million on Wednesday and $242.24 million on Thursday, lifting combined assets above $100 billion for the first time in weeks.

    The streak ended on Friday with a $201.81 million outflow. The withdrawal closed a nine-session run of inflows worth roughly $3 billion and brought the weekly total to $924.48 million.

    BlackRock’s IBIT led the market with $938.3 million in weekly inflows. Grayscale’s Bitcoin Mini Trust added $81.9 million, Fidelity’s FBTC attracted $62 million and Morgan Stanley’s MSBT recorded $25.3 million.

    Outflows included $85.2 million from ARK 21Shares’ ARKB, $77.6 million from Grayscale’s GBTC and $16 million from Bitwise’s BITB.

    Bitcoin ETFs end August with net inflows worth $3.31 billion. Source: Sosovalue

    Ether ETF inflows reach $824.42 million

    Ether ETFs maintained stronger momentum throughout the week. Daily inflows increased from $115.57 million on Monday to $179.80 million on Tuesday, $192.35 million on Wednesday and $234.51 million on Thursday. A further $102 million entered the funds on Friday, taking the weekly total to $824.42 million.

    Macroeconomic conditions remained sensitive to interest-rate expectations. U.S. GDP grew at a 1.5% annualized pace in the second quarter, while July core PCE inflation remained at 3.3% year over year. Personal spending rose 0.2% during the month, keeping inflation data and Federal Reserve policy central to investor decisions.

    Solana, $XRP and $HYPE ETFs attract consistent demand

    The widening demand for altcoin ETFs was reflected in the weekly performance of Solana, $XRP and $HYPE funds.

    Solana ETFs attracted $153.87 million, more than five times the previous week’s $28.34 million and the second-largest weekly inflow since inception. Flows remained positive across all five trading sessions, while weekly turnover more than doubled to approximately $699 million. SOL ended near $103.41, around 14% above the previous week’s level.

    Solana ETFs delivered the second-biggest weekly inflow since inception. Source: Sosovalue

    $XRP ETFs recorded $110.49 million in inflows, compared with $39.78 million a week earlier. Positive creations were reported every day, and weekly trading turnover increased to approximately $363 million.

    $HYPE posted an even sharper acceleration. Weekly inflows reached $56.86 million, up from $3.89 million in the previous period, after five consecutive positive sessions. Assets ended the week near $439 million.

    The sustained daily inflows mark an important development for the altcoin ETF market. Previous weekly gains often relied on one or two strong sessions, but Solana, $XRP and $HYPE funds attracted new capital from Monday through Friday.

    Two consecutive weeks of more than $2 billion in combined crypto ETF inflows have placed institutional demand among its strongest stretches of the year. The latest data also indicates that investors are increasingly allocating capital beyond Bitcoin and Ether.

  • Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End Nine-Day Inflow Streak

    U.S. spot bitcoin exchange-traded funds (ETFs) ended a nine-session run of daily inflows on August 28, recording approximately $202 million in net outflows. The streak began on August 17 and had attracted roughly $3.04 billion before breaking.

    The nine-day inflow period pushed total bitcoin ETF assets beyond a milestone that few expected to arrive so quickly. Bitcoin.com News reported that the funds surpassed $100 billion in net assets on August 27. BlackRock’s iShares Bitcoin Trust (IBIT) led that day with $277.6 million in inflows, while Fidelity’s FBTC recorded $83.6 million in outflows and Grayscale’s GBTC lost another $27.2 million.

    Bitcoin ETFs have experienced sharp moves in both directions this year. In May, the same group of funds recorded a then-record nine-day outflow streak, losing approximately $2.8 billion as bitcoin’s price fell from about $80,000 to $73,000.

    Spot Ether ETFs Extend Buying Streak

    Spot ether ETFs moved in the opposite direction on August 28, attracting $102 million and extending their own inflow streak to 10 consecutive sessions.

    Ether ETFs have also benefited from strong demand earlier in August, when the category recorded $2.6 billion in inflows during its strongest week since October. BlackRock’s ETHA accounted for much of the activity and helped triple the sector’s typical trading volume.

    Ether’s price has broadly followed bitcoin’s performance, even as the two cryptocurrency ETF markets have briefly moved in different directions.

    Bitcoin Price Holds Near $77,500

    The bitcoin ETF outflows came at a notable point for the cryptocurrency market. Bitcoin opened August 28 at $80,261.86 before falling to its current level of approximately $77,500.

    Bitcoin is up only 1% over the past week, making a single day of ETF selling appear more consistent with profit-taking than panic selling. The market was also preparing for the expiration of roughly $6.4 billion in Deribit options that Friday.

    One negative session does not erase the previous $3 billion inflow run. ETF investors will be watching the next session’s data to determine whether the outflows were a temporary setback or the beginning of a longer trend. Spot ether ETFs, meanwhile, enter the new week with their 10-day inflow streak intact.

    Source: cryptonews.net