Bitcoin ETFs Extend $3.1 Billion Inflow Streak; Ether ETFs Turn Red
What happened: US spot Bitcoin ETFs posted $66.
What happened: US spot Bitcoin ETFs posted $66.2 million in net inflows on Tuesday, stretching their streak to nine days and $3.1 billion cumulative. Year-to-date net inflows now stand at approximately $1 billion. In contrast, spot Ether ETFs recorded $3 million in net outflows, ending a seven-day inflow streak that had brought in over $851 million. Zcash funds also saw $8 million in outflows after a six-day rally.
Why it matters: The persistent inflows into Bitcoin ETFs highlight continued institutional demand, even as macroeconomic conditions remain challenging. The minor outflow from Ether ETFs is not yet a trend reversal, given the scale of recent inflows. These flows underscore the growing role of regulated ETF products in crypto price discovery and market sentiment.
Source: Cointelegraph