Bitcoin and Ethereum ETF Weekly Flows: The Good, the Bad, and the Concerning

The past three weeks have been quite different for the funds. The spot Bitcoin ETFs managed to turn the tables for the year as the net flows finally turned green, but there are some concerning signs. Meanwhile, the funds tracking the largest altcoin ended the previous week in the red. This became the second such week out of the last three. BTC ETFs Green, But There’s a Catch Recall that the spot BTC ETFs had their best five-day trading performance in nearly a year during the last full week of September when they attracted roughly $2.4 billion in net inflows. This helped flip the YTD numbers green, which was difficult to imagine just a few months ago when the funds bled out heavily, with $2.43 billion leaving in May and a whopping net withdrawal of $4.5 billion in June. September 28 began with another $31.07 million in net inflows, followed by $66.19 million on Tuesday. The tables turned on Wednesday as investors pulled out $148.69 million. This was rather surprising since the PCE data came out on that day and showed that inflation was lower than expected. Nevertheless, the net inflows returned on Thursday with $102.67 million, according to SoSoValue. FarSide shows that another $31....