Bitcoin & Ether Funds Bounce Back After 8 Weeks of Money Leaving

Bitcoin and ether ETFs pulled in $282M this week, ending their longest-ever losing streak of investors pulling money out.

After two months of investors pulling their money out, funds that track Bitcoin and Ether finally saw money flowing back in. This is a big turning point.

First, let's explain the key term. An ETF (Exchange-Traded Fund) is like a basket you can buy on the stock market that tracks the price of something — in this case Bitcoin or Ether. It lets ordinary people invest in crypto without buying the coins directly. When money flows in, it means people are buying (a sign of confidence). When money flows out, people are selling (a sign of worry).

Here are the key facts:

$281.8 million in total flowed into these funds over five trading days ending Friday.
Bitcoin ETFs brought in about $197.4 million — their first positive week since early May.
Ether ETFs took in roughly $84.4 million, also ending an eight-week losing run.
This ends a record eight-week streak of money leaving — the longest since these funds launched in January 2024.

But here's the reality check. During those eight bad weeks, a combined $9.46 billion left these funds. This week's rebound only recovered about 3% of that. So while it's good news, it's just a small step back.

Most of the new buying was concentrated in BlackRock's funds (IBIT for Bitcoin and ETHA for Ether). BlackRock is one of the world's largest investment companies. Most other funds reported no new money coming in at all.

In short: After a long stretch of nervous selling, some confidence is returning to crypto investment funds. It's an encouraging sign, but the recovery is small compared to the huge amounts that left earlier — so it's too early to call it a full comeback.

This is an AI-generated summary. Read the original article at: https://www.theblock.co/post/407957/bitcoin-ether-etfs-snap-eight-week-outflow-streaks-with-282-million-combined-inflow?utm_source=rss&utm_medium=rss