Spot Bitcoin ETFs recorded $853.54 million in inflows last week, their best weekly performance since April, with BlackRock leading at $693.5 million and Fidelity at $116.5 million. However, according to a CryptoQuant analysis, these flows do not necessarily reflect growing optimism for the broader crypto market, but rather selective institutional allocations through regulated products, portfolio rebalancing, or basis trades by hedge funds. Ethereum ETFs also saw substantial inflows of $244.94 million, including $212 million for BlackRock’s ETHA alone, while other altcoin ETFs like Solana, Dogecoin, and XRP recorded more modest flows of $144,930, $82,640, and $1.01 million respectively.
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