Bitcoin ETFs stretch $3.1B inflow streak as Ether funds turn red
Ether ETFs shed $3 million Tuesday after seven days of inflows, following an $8 million outflow from Zcash funds at the start of the week.
Ether-focused ETFs experienced a $3 million outflow on Tuesday, following a seven-day streak of inflows, according to data from SoSoValue. The end of this positive trend came after a $8 million outflow from Zcash funds at the beginning of the week. Meanwhile, US spot Bitcoin ETFs maintained their nine-day net inflow streak, adding $66.2 million in net investments on Tuesday, bringing their cumulative net inflows to approximately $3.1 billion over the past nine days, as per SoSoValue data. The year-to-date net inflows reached roughly $1 billion.
However, altcoin ETFs encountered a reversal. Spot Ether ETFs concluded their seven-day inflow streak with a net outflow of roughly $3 million on Tuesday, accumulating $851 million in net inflows over the seven sessions, which is now valued at about $14 billion. Simultaneously, Zcash ETFs halted a six-day inflow streak after recording $8 million in net outflows on Monday.
At the time of reporting, Bitcoin was trading at around $83,567, marking a 0.4% decline over the past 24 hours, as per CoinGecko. Crypto market sentiment also experienced a slight dip, with Alternative.me's Crypto Fear & Greed Index falling from 73 to 71, while still maintaining a "Greed" classification. Analyst Kyle Rodda from Capital.com commented on the situation, stating, "The rise in crude prices is capping non-yielding assets, so Bitcoin's rally has taken a bit of a pause."
Rodda added that Bitcoin may struggle to regain upward momentum while energy-price risks persist, though its technical outlook remains "quite constructive." A separate report highlighted that Bitcoin ETF inflows have raised questions about institutional demand.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
