Last week, U.S. spot Bitcoin ETFs recorded modest inflows, while Ethereum ETFs saw substantial outflows.
Bitcoin ETF Inflows
After four weeks of outflows, U.S. spot Bitcoin ETFs noted a net inflow of 5,300 BTC. BlackRock led the inflows by adding 4,069 BTC, approximately 75% of the total. ARK had an inflow of 938 BTC, Fidelity recorded 786 BTC, and Grayscale Mini accounted for 282 BTC.
Ethereum ETF Outflows
U.S. spot Ethereum ETFs continue to witness significant outflows, marking 76,300 ETH last week. This represents the third-largest weekly outflow since these ETFs' inception. This trend highlights cautious investor sentiment towards Ethereum's short-term prospects.
Crypto.com's Partnership with Trump Media
Crypto.com announced a collaboration with Trump Media & Technology Group (TMTG) and Yorkville America to launch a series of TMTG-branded ETFs. These ETFs will incorporate a unique basket of digital and non-digital assets. Crypto.com will provide backend technology and custody services through its U.S. trust company.
The cryptocurrency ETF market continues to show varied trends, with Bitcoin inflows and Ethereum outflows. Collaborations between major companies and new partnerships highlight the drive for innovation in this sector.
