Bitcoin, Ethereum ETF Streak Continues With Massive Net Inflows: Weekly Roundup

US investors continued to pour money into Bitcoin ETFs on the site after Donald Trump won the presidential election, and the streak extended over the past five trading days.

Ethereum’s counterparts have also enjoyed the momentum by attracting nearly $1 billion over the past week.

BTC ETFs maintain momentum

The 11 and now 12 spot Bitcoin ETFs have already broken several records in terms of massive net inflows in their first year. This is especially true for BlackRock’s IBIT, which quickly became the largest of the group and remains a favorite among investors.

The last five days of trading consolidated the recent trend that started even before the election. On Monday, December 9, the funds attracted $489.1 million in net inflows, followed by $438.5 million on Tuesday, $223.1 million on Wednesday, $597.5 million on Thursday and 428, $9 million on Friday, ending the week strong.

Overall, the total figure for this period soared to $2.167 billion. While that’s down from last week, it still means more than $2 billion has poured into ETFs in just a few days.

IBIT led the charge for four of the trading days, with $394.1 million on Monday, $295.6 million on Tuesday, $431.6 million on Thursday and $393 million on Friday. Wednesday saw no reportable flows, while Fidelity’s FBTC stood out with $121.9 million on the day.

These substantial net inflows have positively impacted the price of BTC, as the asset is up 3% on a weekly basis and is near a new all-time high.

ETH ETFs are also doing well

Ethereum ETFs have also enjoyed the past few weeks after their slow start. Their streak started even further back, on November 22nd, and they have yet to see a day in the red since then.

Once again, they posted impressive numbers last week, pulling in $149.8 million on Monday, $305.7 million on Tuesday, $102 million on Wednesday, $273.7 million on Thursday and a more modest $23.6 million on Friday. The total now stands at $854.8 million.

Interestingly, the price of ETH has dropped by 2.5% on a weekly basis. The asset jumped above $4,000 during the previous Friday, but has been unable to sustain its momentum and now sits below $3,900 after a turbulent week.

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