Bitcoin ETFs Pull In $1 Billion While Ethereum Funds Stay Green

Spot Bitcoin exchange traded funds pulled in nearly $1 billion over the past week, bouncing back quickly after a brief dip at the start of the month. Even though Friday saw some money leave the funds, strong buying earlier in the week pushed the total net gain to roughly $987 million. Thursday alone brought in a massive $730 million, setting a high mark not seen since January. BlackRock continues to lead the pack by a wide margin, followed by Fidelity and Grayscale.

Ethereum funds are also keeping up a very steady winning streak. They have managed to stay mostly in the green for eight out of the last nine weeks, showing consistent demand from traders. Total net inflows for Ethereum products have climbed steadily since early July, proving that institutional interest goes beyond just the leading coin.

These numbers show that big investors are still very interested in regulated crypto products despite short term price swings. Market watchers will keep an eye on daily fund flows next week to see if this strong buying momentum can continue through the month.