US spot Bitcoin exchange-traded funds recorded $462.7 million in net outflows last week, ending a three-week run of inflows. Over the same four-day trading period, US spot Ether ETFs moved in the opposite direction, bringing in $196.9 million.
The shift marks a weekly reversal for Bitcoin funds, although the group remained net positive for the month through Friday. Ether products, meanwhile, overcame uneven daily activity earlier in the week thanks to a strong finish on the final trading day.
Bitcoin funds reverse after three positive weeks
The weekly pullback in spot Bitcoin ETFs was led by ARK 21Shares’ ARKB, which posted $234.2 million in net outflows. Grayscale’s Bitcoin Trust ETF followed with $129.1 million in withdrawals.
BlackRock’s iShares Bitcoin Trust ETF saw $52.5 million in net outflows during the week, while Fidelity’s Wise Origin Bitcoin Fund lost $50.7 million. Together, those products accounted for the bulk of the reported weekly withdrawals across the US spot Bitcoin ETF segment.
Even with last week’s decline, spot Bitcoin ETFs were still in positive territory for September, showing about $307.3 million in net inflows through Friday. That means the weekly setback trimmed, but did not erase, the month’s gains so far.
Ether ETFs finish the week with a strong rebound
US spot Ether ETFs posted $196.9 million in net inflows over the same period. The weekly result came despite mixed performance across the middle of the week.
The funds recorded $24.3 million in outflows on Tuesday, followed by $34.7 million in inflows on Wednesday. That was followed by another setback on Thursday, when the category logged $29.9 million in net outflows.
The week turned decisively positive on Friday as spot Ether ETFs attracted $216.4 million in net inflows. That single session more than offset the earlier swings and pushed the category to a solid weekly gain.
BlackRock and 21Shares led Friday’s Ether inflows
BlackRock’s iShares Ethereum Trust ETF was the largest contributor to Friday’s surge, taking in $148.8 million. The 21Shares Core Ethereum ETF added another $29.1 million.
Those two products made up most of the final day’s inflows and helped drive the weekly total close to $197 million. The source article did not report additional fund-by-fund Ether figures for the rest of the week.
The contrast between the two asset classes was clear by the end of the period: Bitcoin ETFs moved into net weekly outflows, while Ether ETFs used a late-week jump in demand to close higher.
What comes next
The latest data leaves Bitcoin funds with a broken three-week inflow streak but still shows positive net flows for September through Friday. Ether ETFs, by contrast, enter the new week after a large one-day inflow changed the weekly picture.
The next confirmed step will be whether upcoming daily flow data shows Bitcoin products resuming inflows or extending the reversal, and whether Ether funds can maintain the momentum created by Friday’s $216.4 million jump.
Source: cointelegraph.com