Crypto ETF Inflow Streak Snapped by $27 Million Outflow
Crypto exchange-traded funds (ETFs) experienced a brief reversal of their recent trend, with a $27 million outflow recorded on Friday. This marked the end of a three-day streak of consecutive inflows, which had seen over $1 billion flow into the sector.
Despite this setback, Bitcoin remained the clear leader in terms of net inflows, with $254 million added to its total assets on Friday alone. Blackrock's IBIT dominated the session, contributing $275.82 million to the total.
Oth cryptocurrencies such as Ether and XRP also saw positive gains, with their respective ETFs recording net inflows of $6.57 million and $1.22 million.