US crypto ETF inflows cool after $3.3B week but streaks hold
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
US spot crypto exchange-traded funds (ETFs) saw inflows of about $64.8 million on Monday, marking an 80% decline from Friday’s $330.8 million inflows. Bitcoin ETFs led Monday’s inflows with $31.07 million, followed by Ether with $17.1 million, Solana with $12.7 million, and XRP with $3.96 million. Despite the slowdown, all four categories remained in positive territory, continuing their consecutive inflow streaks.
Why it matters
The source highlights that, although inflows have slowed significantly after a strong week of demand, positive inflow streaks across multiple major crypto ETFs persist. This suggests ongoing investor interest in crypto ETFs despite market fluctuations. The report does not explicitly analyze the broader market or policy impact.
Key context
Last week’s inflows across Bitcoin, Ether, Solana, and XRP ETFs totaled more than $3.3 billion, with Bitcoin ETFs leading at $2.39 billion. The inflow streak for Bitcoin ETFs reached eight consecutive trading sessions, and the other three ETFs also continued steady inflow streaks lasting five to seven days. BlackRock’s iShares Ethereum Trust and Bitwise’s BSOL were major contributors to Monday's inflows.
Key numbers and entities
Bitcoin ETFs attracted $31.07 million on Monday and $2.39 billion last week; Ether ETFs $17.1 million on Monday and $690 million last week; Solana ETFs $12.7 million Monday and $188 million last week; XRP ETFs $3.96 million Monday and $75.6 million last week. Zcash ETFs had $35 million inflows last week but an $8.1 million outflow Monday. Key entities include BlackRock’s iShares Ethereum Trust, 21Shares’ TETH, Bitwise’s BSOL, and Canary Capital’s XRPC.
What remains unclear
The source does not explain the reasons behind the significant drop in inflows from Friday to Monday or the implications for price movements and investor sentiment. It also does not detail how these inflows relate to broader market trends or regulatory developments.