U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) finished the week with a fifth day of solid inflows.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) closed the week with another day of solid inflows.Bitcoin ETFsBitcoin ETFs ended the week of Oct. 18 with a strong $273.71 million in net inflows, bringing the total inflows for the week to over $2.1 billion, according to data from SoSoValue. This marks the largest five-day period of inflows since the week of March 15.The ARK 21Shares Bitcoin ETF (NYSE: ARKB) took the lead with $109.86 million in net inflows, bringing its cumulative net inflows to $2.86 billion.Close behind was the top-performing fund, BlackRock’s iShares Bitcoin Trust (NYSE: IBIT), which pulled in $70.41 million in net inflows. IBIT’s cumulative net inflows now stand at $22.84 billion.The Bitwise Bitcoin ETF (NYSE: BITB) captured $35.96 million, increasing its cumulative net inflows to $2.3 billion. It was followed by VanEck’s Bitcoin ETF (NYSE: HODL), which added $23.34 million to its portfolio.Fidelity’s Wise Origin Bitcoin Fund (NYSE: FBTC) netted a modest $18.03 million. FBTC is the second-best performing BTC fund, with $10.3 billion in cumulative net inflows. Finally, Invesco’s Galaxy Bitcoin ETF (NASDAQ: BTCO) bagged $16.11 million.All other funds ran neutral, and a total of $2.23 billion was traded.Ethereum ETFsAs per data from SoSoValue, Ethereum ETFs ended the week on a slightly positive note, posting $1.91 million in net inflows on Oct. 18.Only one fund saw any flow activity: the Bitwise Ethereum ETF (NYSE: ETHW), which saw $1.91 million in net inflows. With $321.28 million in cumulative net inflows, ETHW is the third-best performing ETH ETF among its competitors.Other than that, all funds flowed neutral, and just $139.46 million was traded. While the results for ETH ETFs are often underwhelming, some funds are beginning to show a trend of small but consistent green activity.This marks the third time that ETH ETFs have posted positive weekly inflows, which totaled a modest $78.89 million.
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