Bitcoin (BTC) ETFs Net About $305 Million as Ether Funds Extend Losses

Spot Bitcoin (BTC) exchange-traded funds ended the week with about $305 million in net inflows, despite heavy withdrawals on Thursday and Friday. Ether (ETH) funds lost about $220 million, extending their net outflow streak to four weeks. Bitcoin funds had been negative for the previous two weeks before turning positive this week. They drew $526.60 million on Monday and $23.16 million on Tuesday, followed by $528.50 million on Wednesday. Those first three sessions brought in more than $1 billion. Withdrawals then cut into the gains. Bitcoin funds lost $635.49 million on Thursday, their largest daily outflow since late June, and another $137.9 million on Friday. The week’s net inflow lifted cumulative net inflows from below $56.9 billion to nearly $57.2 billion.

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