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Bitcoin ETF Redemption: $2.4b Week Turns Ytd Flows Positive 🕷️🖤

Bitcoin ETF Redemption: $2.4b Week Turns Ytd Flows Positive 🕷️🖤

After June’s massive outflows it was hard to picture this turnaround but spot BTC ETFs actually flipped the script and turned green YTD rn. 💖 The spot Ethereum ETFs wiped out last week’s losses pushing cumulative net inflows close to $14 billion again. 🖤

BTC ETFs Flip Green YTD 🌙

Reports show Monday alone brought almost $1 billion in a record session. Inflows kept rolling with $714.75 million on Tuesday $346.98 million on Wednesday $190.65 million on Thursday and $134.47 million on Friday. 📈 This week wrapped with $2.39 billion net making the cumulative total $57.55 billion. YTD finally positive after that brutal June pull of $4.51 billion and May’s $2.43 billion outflow that left things nearly $5.5 billion in the red before. 🔥 July added a modest $172 million then August brought $3.52 billion and September added $2.7 billion so far for $925 million in the green overall. Yet BTC still sits 40% below its all-time high tho. 💎 Institutional cash is stacking like crazy shortening this bear phase dramatically.

ETH ETFs Also Back In Green 😈

Those exchange traded funds tracking the top altcoin kicked off strong with nearly $270 million on Monday then stayed positive all week for $689.88 million total net inflows. 🪙 This erased prior losses by a huge margin and set a fresh multi month high at $13.94 billion cumulative. ETH hit $2 800 midweek but now hovers about $100 lower. 🕸️
Spot Ethereum ETF Flows. Source: SoSoValue


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