- Bitcoin ETFs saw modest inflows after weeks of outflows, with BlackRock leading by adding 4,069 BTC, about 75% of total inflows.
- Ethereum ETFs faced heavy outflows, losing 76,300 ETH in a week, marking the third-largest outflow since their inception.
- Crypto.com partnered with Trump Media to launch TMTG-branded ETFs, integrating digital assets pending SEC approval.
After four consecutive weeks of outflows, U.S. spot Bitcoin ETFs finally recorded net inflows last week, according to Glassnodes‘ thread on X. However, the inflows were modest, totaling 5,300 BTC. BlackRock led the charge with a substantial addition of 4,069 BTC, representing approximately 75% of the total inflows.
Besides BlackRock, ARK saw an inflow of 938 BTC, followed by Fidelity with 786 BTC and Grayscale Mini with 282 BTC. Meanwhile, most other issuers experienced neutral or negative flows.
In contrast, U.S. spot Ethereum ETFs continue to witness significant outflows. Last week, they recorded a staggering net outflow of 76,300 ETH. This marks the third-largest weekly outflow since the inception of these ETFs. Consequently, investor sentiment remains cautious regarding Ethereum’s near-term prospects.
Bitcoin’s Hash Ribbons Indicator Signals Buy Opportunity
Bitcoin’s Hash Ribbons indicator has flashed a rare “buy” signal, according to moustache. Historically, this signal has often preceded substantial price rallies. The indicator suggests strong buying opportunities at cyclical lows, supporting Bitcoin’s long-term bullish trend.
The chart analysis further confirms Bitcoin’s consistent market cycle. Periods of accumulation are followed by rallies, peaks, corrections, and recoveries. Past patterns indicate that Bitcoin’s price often surges after Hash Ribbon buy signals. Hence, investors closely monitor this metric for strategic entry points.
Crypto.com Partners with Trump Media on ETFs
Additionally, Crypto.com announced a partnership with Trump Media & Technology Group (TMTG) and Yorkville America. This collaboration aims to launch a series of TMTG-branded ETFs. These ETFs will include a unique basket of digital and non-digital assets, incorporating CRO and other cryptocurrencies.
Crypto.com will provide backend technology and custody services through its U.S. trust company. Furthermore, Foris Capital US LLC, Crypto.com’s broker-dealer, will facilitate ETF purchases. The increase in investment opportunities was highlighted by CEO Kris Marszalek. These ETFs will be accessible to more than 140 million Crypto.com users globally after receiving SEC approval.
