Spot Bitcoin ETFs turned positive for the year with 83 million dollars in net flows last week, a modest amount compared to the record 2.39 billion dollars from the previous week. Spot Ethereum ETFs recorded 114 million dollars in net outflows, marking their second red week out of the last three. Cumulative flows for Ethereum ETFs have declined from the recent local peak of 13.94 billion dollars to 13.80 billion dollars. Bitcoin’s record week followed a very weak week with only 6.21 million dollars in inflows, itself preceded by an even stranger week with 462.73 million dollars in outflows. Wednesday of last week was surprising with 148.69 million dollars in withdrawals despite inflation data coming in lower than expected.
Source: Read the original article
