The leader was quite clear but let’s analyze the numbers.
Cryptocurrency prices posted gains over the past week, including a multi-month high for the market leader, some of the reasons being a return in demand for spot ETFs that track their performance.
Here are the exact numbers from last week: The big gainers and those who didn’t see any action.
BTC ETFs: Winner
the The first and largest cryptocurrency ETFs This week was the undisputed leader in terms of bringing in money, despite the tough finish. The financial instruments saw net inflows of $532 million on Monday, $467 million on Tuesday, and $46 million on Wednesday when assets peaked at nearly $83,000.
Price momentum began to fade at the end of the business week, coinciding with significant net outflows of $277 million on Thursday and $146 million on Friday. However, the total weekly flow was $622.75 million, compared to $154 million the previous week.
Total cumulative net flows rose to more than $59 billion as of market close on Friday.
ETH ETFs are following suit
the Spot Ethereum ETFsOn the other hand, he only had one day in the red, but it was painful. After withdrawing $61 million on Monday, $97.6 million on Tuesday, $11.6 million on Wednesday, and a more modest $3.6 million on Friday, the funds saw a massive withdrawal of more than $103.5 million on Thursday, according to SoSoValue data.
However, the week ended well in the green, with net inflows reaching more than $70 million. However, it still has not been able to recoup the losses seen the previous week, which ended on May 1, when investors withdrew more than $82 million in funds.
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Cumulative net inflows into spot ETH ETFs remain above $12 billion since their inception in mid-2024.
XRP ETFs and some honorable mentions
Funds tracking the Ripple token cross-border did not have a single day in the red last week, but Thursday was an action-free day with reportable inflows of $0.00. Investors entered nearly $4 million on Monday, more than $11 million on Tuesday, $13 million on Wednesday, and $6 million on Friday.
The week ended with over $34 million in net inflows, significantly more impressive than the slight net outflows of $35,000 during the previous week. Total net flows reach an all-time high of $1.32 billion.
Honorable mentions are the SOL ETFs, which saw nearly $40 million in net inflows last week, while the LINK and DOGE ETFs gained nearly $1 million each.
