Friday’s $433 Million Saved Bitcoin ETFs: Inflow Streak Ends for Ether ETFs
Bitcoin ETFs closed the week with $6.2 million in net inflows, while Ether ETFs ended a four-week positive streak with $140 million in outflows.
U.S.-listed spot Bitcoin ETFs avoided a second consecutive week of losses thanks to $433 million in net inflows on the final trading day of the week. According to The Block’s analysis of SoSoValue data, this strong daily performance pushed the weekly total into only slight positive territory.
Bitcoin ETFs saw $160 million in inflows on Monday. However, outflows of $450.3 million on Tuesday and $296 million on Wednesday occurred. Following a $159.5 million inflow on Thursday, the funds were down $426.8 million for the week.
Fidelity’s Fund Led the Recovery
Of Friday’s inflows, $310.7 million went to Fidelity’s FBTC fund. BlackRock’s IBIT fund also received $108.4 million in inflows. This brought Friday’s total inflow to its highest daily level since September 3.
For the full week, IBIT led with $120.7 million in net inflows, while FBTC’s net inflows remained at $79.9 million. Other Bitcoin funds lost a total of approximately $194.4 million. Ultimately, Bitcoin ETFs finished the week with $6.2 million in net inflows. The previous week had seen $462.7 million in outflows from these products.
The picture was reversed for Ether ETFs. Although the funds saw $143.8 million in inflows on Friday, they could not offset the $404.8 million in outflows that occurred from Tuesday to Thursday. Weekly net outflows reached approximately $140 million, ending a four-week inflow streak.
Despite attracting $114.3 million on Friday, BlackRock’s ETHA fund closed the week with a $56.1 million loss. Fidelity’s FETH fund also remained $25.8 million in the red on a weekly basis, despite $26.2 million in Friday inflows.
Trading volumes rose across both product groups. The weekly volume for Bitcoin ETFs climbed to $16.17 billion, while Ether ETF volume reached $6.82 billion. Ether funds remain at approximately $922 million in net inflows for the year, while Bitcoin ETFs’ year-to-date net flow stands at approximately $1.45 billion in the negative.