Crypto ETFs rebound as Bitcoin, Ether, and Solana see new inflows
The crypto market finally caught a break. Bitcoin, Ether, and Solana all saw new money rush into exchange traded funds. This quick rebound came after a brutal week of market chaos. Money started flowing back into these major funds just before the weekend.
Bitcoin ETFs added $238 million on Friday. This was a welcome sight for traders. Yet, the weekly loss was still massive: $1.2 billion exited BTC funds. Bitcoin also hit its lowest price point since April.
Fidelity’s FBTC led the Friday bounce, pulling in $108 million. Other major funds followed suit. Bitwise, ARK, and Invesco all posted strong gains. Even Grayscale’s GBTC had $61.5 million in new cash. BlackRock’s IBIT was the outlier, losing $122 million.
The overall picture for the week remains sour. BTC ETFs lost $1.2 billion over five days. That is one of the heaviest weekly totals since these funds began. Thursday was especially painful. Over $902 million vanished as Bitcoin plunged. This big drop forced many traders to stop their short-term bets. Despite the recent bleeding, Spot Bitcoin ETFs still hold $110 billion in total assets.
Ether ETFs finally stopped losing money. They broke an eight-day streak of losses on Friday. A total of $55.7 million flowed back into ETH funds. Fidelity was the hero here. Their FETH product pulled in $95.4 million by itself. BlackRock’s ETHA lost $53.68 million, which dampened the overall mood. Strong demand for FETH kept the category positive for the day.
Ether funds had lost $1.28 billion in the prior ten days. Friday’s gain was almost entirely due to Fidelity’s efforts. Derivatives traders are now carefully starting to open long bets on Ether again. Funding rates are slowly rising. This suggests limited confidence is creeping back in. Ether still holds $16.86 billion in total ETF assets.
Solana continues to crush the rest of the altcoin market. SOL funds have seen $510 million in new money since they launched. Bitwise’s BSOL is the clear winner. It accounts for $444 million of that total. Solana ETFs have now seen ten straight days of inflows. They are showing much better strength than competing altcoin products.
Traders are stepping back into Ether carefully. The token lost 15% quickly between Wednesday and Friday. This wiped out about $460 million in leveraged long positions. Funding rates are up from 4% to 6%. This suggests the market is trying to stabilize after the big pullback.
Meanwhile, the mood around Bitcoin is terrible. A key index shows investor pessimism hit a record low. These low readings often happen right before a small rebound. Analysts watch for this once selling pressure finally slows down.