{"id":816838,"date":"2025-01-03T07:24:08","date_gmt":"2025-01-03T13:24:08","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/etf-recap-another-strong-week-for-bitcoin-funds-ethereum-demand-lacks\/"},"modified":"2025-01-03T07:24:08","modified_gmt":"2025-01-03T13:24:08","slug":"etf-recap-another-strong-week-for-bitcoin-funds-ethereum-demand-lacks","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/etf-recap-another-strong-week-for-bitcoin-funds-ethereum-demand-lacks\/","title":{"rendered":"ETF Recap: Another Strong Week for Bitcoin Funds, Ethereum Demand Lacks"},"content":{"rendered":"

Bitcoins <\/p>\n

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The spot Bitcoin ETFs enjoyed another week of substantial inflows, with almost $1 billion entering the funds in the past five trading days.<\/p>\n

The same cannot be said about their Ethereum counterparts, which actually ended the week with minor losses.<\/p>\n

Bitcoins $1B Enters BTC ETFs Weekly<\/h2>\n

CryptoPotato<\/em> reported<\/a> last weekend that the 11 spot Bitcoin ETFs<\/a> had registered their best weekly performances since mid-March by attracting more than $2 billion in net inflows. This became the catalyst for an impressive BTC rally that drove the asset from $62,500 that Monday to $69,000 at the end of the trading week (Friday).<\/p>\n

The funds\u2019 notable streak continued last Monday (October 21), with $294.3 million poured in. However, it was broken on Tuesday, with $79.1 million in net inflows, which became the first negative day since October 10.<\/p>\n

Flows got back on track<\/a> on Wednesday, Thursday, and Friday, with net inflows of $192.4 million, $188 million, and a whopping $402 million, respectively. Thus, the overall numbers for the week shot up to $997.6 million.<\/p>\n

BlackRock\u2019s IBIT was at the forefront, by attracting $329 million on Monday, $43 million on Tuesday, $317.5 million on Wednesday, $165.5 million on Thursday, and $292 million on Friday. The largest spot Bitcoin ETF saw overall net inflows worth $1,147 billion. This means in reality that the rest of the funds ended the week in the red.<\/p>\n

However, BTC\u2019s price actions were quite underwhelming during the week, with the asset peaking on Monday at $$69,500 but later dumped to as low as $65,000 on Wednesday. Nevertheless, it trades at $67,000 now, down 1.7% weekly.<\/p>\n

Bitcoins ETH ETFs See Little Interest<\/h2>\n

While the spot BTC ETFs continue to gain investors\u2019 attention, the Ethereum funds are yet to be considered a proper investment destination. The past trading week went quite similar to most of the previous ones, with net outflows of $20.8 million on Monday and $19.2 million on Friday.<\/p>\n

The minor net inflows of $11.9 million on Tuesday, $1.2 million on Wednesday, and $2.3 million on Thursday failed to offset the losses at the start and end of the business week. As such, the spot Ethereum ETFs<\/a> finished the week in the red, with $24.6 million in net outflows.<\/p>\n

ETH\u2019s price has tumbled within the past seven days. It\u2019s down by over 6% within this timeframe, and now struggles below $2,500.<\/p>\n

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Elroy Mischke Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The spot Bitcoin ETFs enjoyed another week of substantial inflows, with almost $1 billion entering the funds in the past five trading days. The same cannot be said about their Ethereum counterparts, which actually ended the week with minor losses. $1B Enters BTC ETFs Weekly CryptoPotato reported last weekend that the 11 spot Bitcoin ETFs<\/p>\n","protected":false},"author":1,"featured_media":816839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[404,474],"tags":[11476],"class_list":{"0":"post-816838","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-another","8":"category-recap","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816838"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816839"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}