Tag: ETFs

Spot Ether ETFs End 19-Day Inflow Streak with First Outflow

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US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive inflows. On June 13, spot Ether (ETH) ETFs recorded net outflows of $2.1 million, ending the longest inflow streak since the products’ launch in July 2024, according to Farside data. Streak beats previous record by a single day The streak began on May 16, excluding the market closure on May 26 for US Memorial Day.  The ETFs accumulated a total of $1.37 billion in inflows over the 19-day streak, representing…

Bitcoin price stalls as spot ETFs bleed for second week

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Bitcoin price has stalled at $105,000 amid increasing spot ETF outflows and as sentiment among investors turned to neutral.  Bitcoin (BTC) was trading at $105,550 on Sunday, June 8, up by 5% from its lowest point last week. It remains 5.75% below its highest point this year. Bitcoin has wavered recently because of investor profit-taking. In May, its price surged to a record high of $111,900, a 50% surge from the lowest level in April. BTC also wavered as data pointed to outflows from exchange-traded funds. SoSoValue data shows that…

Spot Ether ETFs ongoing inflow streak has hit $812.2M inflows

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US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days, according to Farside data.  Ether ETF inflow streak brings in a significant amount of net total The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total…

Bitcoin ETFs hit with $278 outflows amid Trump-Musk feud

Bitcoin exchange-traded funds (ETFs) in the United States turned red amid worsening sentiment stemming from the ongoing feud between US President Donald Trump and billionaire Elon Musk. After a brief recovery on June 3 and 4, US spot Bitcoin (BTC) ETFs were again hit with outflows on Thursday, totaling $278 million, according to SoSoValue data. The outflows came as the Cryptocurrency Fear & Greed Index flipped from “Greed” to “Fear” on June 6, likely in response to the rupture of the previously close relationship between Trump and Musk, which has…