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Bitcoin and Ether spot ETFs post first positive week in months

U.S. spot Bitcoin ETFs took in about $197 million net after the prior week’s $527 million outflow, while ETH ETFs added roughly $84 million net after a small prior outflow.

Reported · Written up by our desk · ETFs

U.S. spot Bitcoin ETFs closed their first positive week since May, pulling in about $197 million on a net basis after bleeding $527 million the week prior, according to Decrypt’s Morning Minute.

Ether spot ETFs also flipped green, attracting roughly $84 million net after a small net outflow the previous week, bringing combined inflows across both Bitcoin and Ether products to about $282 million.

Decrypt said Bitcoin ETF flows showed a choppy pattern through the week, with IBIT, BlackRock’s flagship fund, leading purchases on the green days with $209.4 million added on Monday and $86.8 million on Friday.

The newsletter linked the week’s rebound in Bitcoin price to ETF inflows, noting BTC rose to about $64,000 before retracing to just under $63,000, while flagging that Tuesday’s CPI print is the last major data point before the July 28 to 29 FOMC.

Latest closeBitcoin $62,159.36 ▼2.5%

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