US Spot Ethereum ETFs See $70. 6M Outflow, Ending 5-Day Inflow Streak
US spotEthereumETFs ended a five-day inflow streak with $70. 62 million in net outflows on Friday. Despite the daily reversal, Ethereum funds still posted $103. 9 million in net inflows for the week and have. . .
US spotEthereumETFs ended a five-day inflow streak with $70. 62 million in net outflows on Friday. Despite the daily reversal, Ethereum funds still posted $103. 9 million in net inflows for the week and have attracted $337. 74 million in July. BitcoinETFs followed a similar pattern, ending a seven-day inflow streak with $240. 08 million in outflows on Friday. US-listed spot Ethereum exchange-traded funds (ETFs) logged $70. 62 million in net outflows on Friday, ending a five-day inflow streak after a strong week of demand. The reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240. 08 million in net outflows on Friday, according toSoSoValue data. - Advertisement -However, Ethereum funds still posted $103. 9 million in net inflows for the week ended Friday, extending their weekly inflow streak to three straight weeks. They have attracted $337. 74 million in net inflows so far in July, while Bitcoin ETFs added $103. 90 million during the same week and $233. 96 million for the month. Meanwhile, BTC traded just under $64,000 at the time of writing, tumbling from the week’s high of $66,892 on Tuesday, according toCoinGecko. ETH traded at $1,837, down from Wednesday’s weekly high of $1,954. FollowingJapan’s recent overhaul of its crypto regulations, crypto management platformXWINestimated that a mature Japanese spot Bitcoin ETF market could reach about $18. 4 billion. In ananalysisposted at CryptoQuant, XWIN said the estimate assumes demand from existing crypto holders, new retail investors, and institutional allocators. “The key is access,”XWIN stated, characterizing the $18. 4 billion figure as“an achievable upper-end market scenario. ”✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. - Advertisement -Previous Articles:Solana drops to $73. 53 as market risk appetite wanesEU Sanctions HTX Crypto Exchange for Aiding RussiaSamsung Wallet to add native stablecoin support at Galaxy UnpackedEU sanctions HTX, Huobi for aiding Russia’s war machineCrypto groups urge Senate to pass CLARITY Act before August recessStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.