- Bitcoin ETFs recorded massive weekly inflows.
- The funds turned positive for a third consecutive week.
- Ether funds moved in the opposite direction.
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) extended their positive streak to a third day on Friday, pushing their total weekly inflows to almost a billion.
The development came amid BTC’s bullish patterns, which saw the crypto asset rally toward the $70,000 level. While the Bitcoin price pared some weekly gains to exchange hands at $67,089 at the time of writing, the original cryptocurrency generally outperformed the broader digital asset market.
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CoinMarketCap data shows that BTC was down 1.81% in the last seven days, while Ether, XRP, Toncoin, and Cardano plunged over 5% during the same period.
Bitcoin ETF Weekly Flows
According to SoSoValue data, spot Bitcoin ETFs in the U.S. added $402.08 million on Friday after pulling a combined $380.42 million in the previous two days. The extended positive streak resulted in total weekly inflows of $997.70 million, underscoring the sustained investor interest in the funds following their record $2.13 billion inflows last week.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led the pack with $1.146 billion in weekly inflows, followed by Fidelity’s FBTC and Grayscale’s BTC at $71.7 million and $10.63 million, respectively.
Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRRR, and WisdomTree’s BTCW reported zero weekly flows, while the remaining funds logged outflows in the millions amid mild inflows. Notably, Ark Invest’s ARKB bled $239.8 million.
In contrast to Bitcoin, spot Ether ETFs bled $24.45 million this week despite sustaining a three-day positive flow between October 22 and October 24.
Read about the SEC’s plan for crypto in 2025:
SEC Includes Crypto on Its List of 2025 Exam Priorities
Stay updated on how Solana has overtaken Ethereum in economic value:
Solana Overtakes Ethereum in Economic Value Amid Memecoin Surge
