US-listed Ethereum ETFs experienced net outflows for the first time in five days, while Bitcoin ETFs continued their weekly inflow streak. Despite this week’s downturn, both funds have extended positi
Ethereum exchange-traded funds (ETFs) saw a significant shift on Friday as they experienced $70.62 million in net outflows, marking the end of their five-day inflow streak. Over the previous five sessions from July 17 to Thursday, Ethereum ETFs attracted $211.25 million in net inflows according to SoSoValue data. Despite this week’s outflow, they still posted a weekly net inflow of $103.9 million, extending their three-day inflow streak for the month.
The dynamics of spot crypto ETF flows have become crucial indicators for market demand through traditional investment products in the United States. While other regions like Hong Kong have also launched similar funds, US-listed ETFs dominate both assets and trading volumes. This week’s developments highlight the ongoing interest from investors seeking exposure to Ethereum via regulated financial instruments.
In contrast, Bitcoin ETFs experienced a second day of outflows on Friday after ending their seven-day inflow streak earlier in the week. Despite this reversal, they maintained a three-week net inflow streak and added $103.9 million during the week ended Friday, bringing total July inflows to $233.96 million.
The recent market movements reflect broader trends in cryptocurrency markets. Bitcoin traded just under $64,000 at the time of writing, having peaked earlier this week around $66,892. Ethereum was trading at approximately $1,837 after reaching a weekly high of $1,954.
These outflows from ETFs come as Japan’s crypto reforms are expected to fuel growth in spot Bitcoin ETF markets. Crypto management platform XWIN estimated that a mature Japanese spot Bitcoin ETF market could reach about $18.4 billion—equivalent to roughly 0.13% of the country's household financial assets.
The upcoming integration of regulated ETFs into traditional finance systems is seen as key, allowing investors familiar with brokerage and custody systems access to digital assets. This scenario demonstrates how ETF products can bridge conventional investment practices with cryptocurrencies.
For traders monitoring these trends, it’s essential to keep an eye on both Ethereum and Bitcoin ETF flows in the coming weeks. The performance of these funds could provide insights into broader market sentiment towards digital currencies.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.