Bitcoin ETFs stretch inflow streak to nine days as Ether, Zcash funds flip to outflows
In brief
- Spot Bitcoin ETFs drew $66.2 million Tuesday, their ninth straight day of net inflows.
- Nine-day streak totals roughly $3.1 billion, per SoSoValue data reported by Cointelegraph.
- Ether ETFs posted about $3 million in outflows, ending a seven-day inflow run.
- Zcash ETFs recorded $8 million in net outflows Monday after six days of inflows.
Bitcoin funds keep pulling in capital
Nine sessions in a row. That's how long spot Bitcoin ETFs have now logged net inflows, with Tuesday's $66.2 million bringing the streak's total to roughly $3.1 billion, per SoSoValue data cited by Cointelegraph. The same data shows year-to-date net inflows into Bitcoin ETFs rose to roughly $1 billion.
Ether and Zcash funds turn red
Spot Ether ETFs ended their seven-day streak on Tuesday, posting roughly $3 million in net outflows (again according to SoSoValue figures reported by Cointelegraph). The funds had attracted more than $851 million during those seven sessions, and cumulative net inflows into Ether ETFs stand at about $14 billion.
That's a $3 million outflow set against more than $851 million that came in over the seven sessions before it.
Zcash products turned first. Zcash ETFs snapped a six-day inflow streak on Monday with $8 million in net outflows, per the same SoSoValue data. Neither report gave a reason for the Ether or Zcash outflows, and we won't guess at one here.
Price and sentiment
Bitcoin traded at about $83,567 at the time of Cointelegraph's publication, down 0.4% over 24 hours, according to CoinGecko. Sentiment cooled slightly too: Alternative.me's Crypto Fear & Greed Index slipped to 71 from 73 a day earlier, though it's still sitting in "Greed" territory.
One analyst pointed to energy markets for the stall in price.
“The rise in crude prices is capping non-yielding assets, so Bitcoin’s rally has taken a bit of a pause,” Kyle Rodda, senior financial market analyst at Capital.com, told Cointelegraph.
Rodda said Bitcoin could struggle to regain upward momentum while energy-price risks persist, though he added that its technical picture remained constructive. That's his read of the market (not a settled cause), and it doesn't explain the fund flows themselves. For now, the ETF data points one direction for Bitcoin products and the other for Ether and Zcash.
