Bitcoin ETFs recorded their fifth consecutive week of net inflows, gathering $603.74 million, with Blackrock's IBIT leading once again. Ethereum ETFs joined the rally, showing an inflow of $41.59 million.
Bitcoin and Ethereum ETFs are seeing strong inflows despite mixed signals from the broader market.
The momentum for crypto fund ETFs remained strong last week, with Bitcoin ETFs closing with a net inflow of $603.74 million, marking the 5th consecutive week of growth. The largest inflow occurred on Wednesday, May 14, with a one-day inflow of $319.56 million.
Blackrock's IBIT topped the list with a dominant inflow of $841.76 million, significantly outpacing all others. Other leaders included Grayscale's Bitcoin Mini Trust (+$39.84 million) and Vaneck's HODL (+$7.32 million). On the other hand, Fidelity's FBTC (-$122.07 million), Grayscale's GBTC (-$72 million), and ARKB (-$68.91 million) showed significant weekly net outflows.
Despite mixed actions across individual funds, Bitcoin ETF flows continue to signal investor confidence, increasing total net assets to $122.67 billion.
Ethereum ETFs also capitalized on this momentum, finishing the week up by $41.59 million, fueled by a strong inflow of $63.47 million on Wednesday, May 14. Blackrock's ETHA led the ranking with $66.04 million, followed by Grayscale's Ether Mini Trust (+$15.91 million), Franklin's EZET (+$3.06 million), and Vaneck's ETHV (+$2.95 million).
However, outflows from Fidelity's FETH (-$20.16 million) and Grayscale's ETHE (-$26.22 million) slightly dampened the gains.
Both asset categories are attracting investor attention, and with a five-week streak of inflows into Bitcoin ETFs, the appetite for institutional cryptocurrency exposure seems far from waning.
