Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows
Briefly

Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows
"Bitcoin spot ETFs recorded $786.31 million in net inflows for the week, with a powerful $471 million surge on Monday driven by Blackrock's IBIT, Fidelity's FBTC, and Ark & 21Shares' ARKB."
"The recovery on Thursday ($358 million) and Friday ($256 million), anchored again by IBIT's dominant inflow, helped secure a positive weekly close."
"Grayscale's GBTC continued to act as a steady source of selling pressure, while smaller funds such as Bitwise's BITB, Vaneck's HODL, and Franklin's EZBC contributed modestly."
Between April 6 and April 10, bitcoin and ether ETFs experienced a strong rebound with $973 million in inflows. Bitcoin ETFs gained $786 million, while ether ETFs added $187 million, primarily driven by Blackrock's IBIT. Despite some volatility, the overall trend showed a return of capital to these products. XRP saw a modest gain of $11.75 million, while solana faced outflows of $5.6 million, suggesting selective inflows may persist for altcoin ETFs.
Read at news.bitcoin.com
Unable to calculate read time
[
|
]