Over the past two weeks, US spot ETFs (spot ETFs) have attracted more than $2 billion from investors, according to data from SoSoValue and Alternative.me. Crypto Fear and Greed Index Hits Highest Since Late June.
(ARKB cash flow data on Friday was not included as there was no update at the time of reporting).
Data from Alternative.me shows the Crypto Fear and Greed Index increased 14 points to 74 on Saturday. The index rose as Bitcoin (BTC) price hit a high of $66,800 on Friday night, according to data from TradingView.
Last week, this index was still in the "fear" zone. Despite bearish market sentiment, US spot-traded Bitcoin ETFs attracted more than $1 billion that week.
Continuing their success, Bitcoin ETFs continue to attract large cash flows this week.
Funds started the week with $301 million inflows on Monday. Total inflows for the week totaled more than $1 billion (not including ARKB data on Friday), with the biggest single-day inflows being $422 million on Tuesday.
This week, BlackRock's IBIT fund leads with about $706 million, according to data from SoSoValue and Farside.
Over the past two weeks, IBIT attracted more than $1.2 billion, accounting for 50% of total inflows into the eleven spot trading funds during the period. It is the largest on-trade Bitcoin ETF with nearly $22 billion in assets under management (AUM) as of July 19.
Fidelity's FBTC fund attracted about $244 million this week, while Bitwise's BITB reported more than $70 million. Other funds such as ARK Invest's ARKB, VanEck's HODL, Invesco's BTCO, Franklin Templeton's EZBC, Valkyrie's BRRR and WisdomTree's BTCW also saw growth.
Despite recording a net inflow of more than $20 million on Friday, Grayscale's GBTC still saw outflows of about $56 million, according to Farside sources.
As of Friday (excluding ARKB), these ETFs had had consecutive inflows for eleven trading days.