- US spot Ethereum ETFs ended a five-day inflow streak with $70.62 million in net outflows on Friday.
- Despite the daily reversal, Ethereum funds still posted $103.9 million in net inflows for the week and have attracted $337.74 million in July.
- Bitcoin ETFs followed a similar pattern, ending a seven-day inflow streak with $240.08 million in outflows on Friday.
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak after a strong week of demand. The reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240.08 million in net outflows on Friday, according to SoSoValue data.
However, Ethereum funds still posted $103.9 million in net inflows for the week ended Friday, extending their weekly inflow streak to three straight weeks. They have attracted $337.74 million in net inflows so far in July, while Bitcoin ETFs added $103.90 million during the same week and $233.96 million for the month.
Meanwhile, BTC traded just under $64,000 at the time of writing, tumbling from the week’s high of $66,892 on Tuesday, according to CoinGecko. ETH traded at $1,837, down from Wednesday’s weekly high of $1,954.
Following Japan’s recent overhaul of its crypto regulations, crypto management platform XWIN estimated that a mature Japanese spot Bitcoin ETF market could reach about $18.4 billion. In an analysis posted at CryptoQuant, XWIN said the estimate assumes demand from existing crypto holders, new retail investors, and institutional allocators. “The key is access,” XWIN stated, characterizing the $18.4 billion figure as “an achievable upper-end market scenario.”
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