US spot Bitcoin ETFs recorded $31 million in net inflows on the latest reported day, extending an eight-session winning streak and bringing the total inflows over the past week to more than $2.4 billion. Ether ETFs saw $17.1 million in inflows on the same day, adding to broader crypto ETF momentum even as Treasury yields remain elevated.
What it moves
Bull vs bear
Bulls see the persistent inflows as sustained institutional conviction that continues to absorb selling pressure and supports higher BTC and ETH prices. Bears argue that the relatively modest daily figure of $31M compared to the weekly average signals fading momentum, especially with Treasury yields capping risk appetite.