Here’s the kind of action Bitcoin and Ethereum ETFs saw

Another week has passed, which started with massive volatility, and Bitcoin and Ethereum spot ETFs are back in the spotlight.

This is the data on the arrivals and departures of the last five days, according to Farside.

Bitcoin ETF in Red

Last week ended on a very negative note, as Bitcoin ETFs posted their worst day in terms of flows in about three months, with nearly $240 million leaving the eleven funds. The start of the new week was not so promising, as $168.4 million was withdrawn from ETFs. Grayscale’s GBTC led the way with $69.1 million, closely followed by Ark Invest’s ARKB ($69 million) and Fidelity’s FBTC ($58 million).

Tuesday was also in the red, with outflows of $148.6 million. This time, FBTC was on top ($64.5 million), while GBTC was second with $32.2 million. Interestingly, BlackRock’s IBIT saw no action during these two days.

It wasn’t until Wednesday that the IBIT recorded $52.5 million in receipts and even more ($157.6 million) on Thursday. Those were the only two positive days of the week, with $45.1 million coming in on Wednesday and $194.6 million on Thursday.

Departures returned on Friday with $89.7 million. Grayscale had the lion’s share with $77 million. In total, Bitcoin ETFs saw $167 million in outflows for the week.

At the same time, the price of BTC fell below $50,000 during the market-wide decline on Monday, but broke above $60,000 by the end of the week despite increasing outflows.

Ethereum ETF with minor entries

Since its launch on July 23, Ethereum ETFs have not seen substantial investor demand. Last week, however, was a little more positive.

Monday and Tuesday opened with $48.8 million and $98.4 million (second best day), respectively. BlackRock’s ETHA led the pack with $47.1 million and $109.9 million.

While the picture changed by the end of the week, with investors pulling out $23.7 million on Wednesday, $2.9 million on Thursday and $15.8 million on Friday, the overall numbers for the week were really green This became the first week that has seen positive flows of almost $105 million for Ethereum ETFs.

The price of ETH also dropped to $2,100 on Monday, but rallied in the following days to $2,700 on Friday and just above $2,600 today.

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