Crypto markets posted gains over the past week, including a multi-month high for the market leader. One key driver was renewed demand for spot ETFs that track major cryptocurrencies.
Below are the precise figures from last week: the biggest winners and the funds that saw little action.
BTC ETFs: The Winner
Spot Bitcoin ETFs continued to dominate inflows last week. These flagship crypto ETFs attracted strong capital early in the week, recording net inflows of $532 million on Monday, $467 million on Tuesday, and $46 million on Wednesday, when Bitcoin’s price approached nearly $83,000.
Momentum cooled toward the end of the week, coinciding with notable outflows of $277 million on Thursday and $146 million on Friday. Despite those withdrawals, total net inflows for the week amounted to an impressive $622.75 million, up from $154 million the prior week.
As of Friday’s market close, cumulative net inflows into spot Bitcoin ETFs exceeded $59 billion.
ETH ETFs Follow Suit
Spot Ethereum ETFs experienced inflows on most days but faced a large withdrawal midweek. According to SoSoValue data, these funds saw inflows of $61 million on Monday, $97.6 million on Tuesday, $11.6 million on Wednesday, and $3.6 million on Friday. However, Thursday recorded a substantial outflow of more than $103.5 million.
Even with that Thursday pullback, the week closed with net inflows of over $70 million. That result did not fully offset the prior week’s losses, when investors withdrew more than $82 million from spot Ethereum funds at the end of April.
Since their launch in mid-2024, cumulative net inflows into spot ETH ETFs remain above $12 billion.
XRP ETFs and Honorable Mentions
Spot XRP ETFs tracking Ripple’s token enjoyed steady inflows last week and did not record any daily outflows. Thursday showed no reportable activity, while investors contributed nearly $4 million on Monday, more than $11 million on Tuesday, $13 million on Wednesday, and $6 million on Friday.
The week closed with over $34 million in net inflows, a strong rebound compared with the prior week’s modest $35,000 in net outflows. Total net flows into XRP spot ETFs have reached a new high near $1.32 billion.
Other notable performers included spot SOL ETFs, which saw nearly $40 million in net inflows last week. LINK and DOGE ETFs recorded smaller gains, each adding roughly $1 million in net inflows.