After weeks of net outflows, spot Bitcoin exchange-traded funds (ETFs) in the U.S have finally ended their outflows, bringing a bullishness into the market with a strong inflow of $744.4 million the highest in eight weeks. Meanwhile, Ethereum ETFs continue to struggle, marking their fourth consecutive week of outflows.

Bitcoin Breaks 5 Weeks Outflow

According to SoSoValue, Bitcoin ETFs recorded net inflows of $744.4 million last week, the highest in nearly two months. This inflow of funds comes at a time when investors are cautiously optimistic about the market’s recovery

Leading the surge was BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $537.5 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $136.5 million. This came after the volatile February month, when over $5 billion was withdrawn from ETFs. 

Many big investors sold their holdings because the market was unstable and the economic outlook was unclear. Earlier this year, Bitcoin ETFs recorded record inflows, reaching $1.96 billion in mid-January and $1.76 billion the following week. This influx helped push Bitcoin to an all-time high of $109,000 on January 20. 

However, a market correction later pulled BTC down to the $78,000 range. Now, with fresh inflows, Bitcoin has bounced back to $87,343, signaling renewed investor confidence.

Ethereum ETFs Continue to Struggle

While Bitcoin ETFs are experiencing a strong recovery, Ethereum-based funds remain under pressure. Last week, Ether ETFs saw net outflows of $102.89 million, extending their losing streak to four weeks. BlackRock’s iShares Ethereum Trust ETF (ETHA) was hit the hardest, recording $74 million in outflows.

Despite these struggles, there’s a positive note for Ethereum. BlackRock’s BUIDL fund, which focuses on tokenized real-world assets, now holds a record $1.15 billion worth of ETH, up from $990 million just a week ago. This suggests that institutional interest in Ethereum’s long-term potential remains strong.

Despite the continuing outflow, Ethereum price has recorded an outflow of almost 10% hiting a more bullish outflow. 

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed