Ethereum exchange traded funds continued to attract stronger investor demand than their Bitcoin counterparts over the past week, although both products showed signs of weakening momentum as the market lost steam toward the weekend.
While Bitcoin ETFs finished with another week of net inflows, Ethereum funds once again outperformed, attracting more than $100 million as ETH briefly climbed above $1,950 before retreating.
Bitcoin ETFs Extend Winning Streak, but Momentum Cools
Spot Bitcoin ETFs have now recorded three consecutive weeks of positive flows after enduring a prolonged period of heavy withdrawals.
Between mid May and early July, the funds suffered eight straight weeks of net outflows, with more than $8 billion leaving the products. As a result, cumulative net inflows declined from over $59.3 billion to roughly $51.1 billion by 2 July.
Investor sentiment began improving during the first full week of July, when Bitcoin ETFs attracted nearly $200 million in fresh capital. That recovery continued with an additional $75.7 million the following week.
The latest week also started on a strong note. From 14 July through 22 July, the funds recorded approximately $1 billion in cumulative net inflows, coinciding with Bitcoin’s rally to $67,000, its highest price in more than a month.
However, the momentum faded after Bitcoin failed to hold those gains. The cryptocurrency was rejected at $67,000 before falling back toward $64,000, prompting investors to reverse course. Spot Bitcoin ETFs recorded outflows of $225.2 million on Thursday and another $240 million on Friday.
Despite the late week selling, the funds still ended the week with modest net inflows of approximately $33.8 million.
Ethereum ETFs Continue to Outperform
Ethereum ETFs once again attracted stronger demand than Bitcoin products, extending a trend that has developed over the past several weeks.
The funds recorded nearly $104 million in net inflows during the week, with only Friday posting negative flows as investors withdrew around $70.6 million.
Earlier in the week, Ethereum ETFs attracted $38.1 million on Monday, $37.5 million on Tuesday, $72.6 million on Wednesday, and a further $26.3 million on Thursday.
The sustained inflows helped push Ethereum above $1,900 before it briefly climbed beyond $1,950 during the middle of the week. The rally, however, proved short lived, with ETH retreating by roughly $100 over Friday and Saturday.
Although Ethereum ETFs have recovered more than $200 million in net inflows over the past three weeks, cumulative inflows remain well below the record level of approximately $12.1 billion reached in May.
Overall, the latest ETF data suggests institutional interest in cryptocurrencies remains intact, but the sharp slowdown toward the end of the week indicates investors are becoming more cautious after recent market gains.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
