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BTC, ETH Spot ETFs Reverse Weekly Outflow Streak

BTC, ETH Spot ETFs Reverse Weekly Outflow Streak

Spot crypto ETFs turned positive last week, but they’re still net negative for the month of February.

Both Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) closed out last week in the green, a reversal from a period of multi-week outflows.

After five straight weeks of net negative flows, Bitcoin spot ETFs recorded net inflows of $787.31 million for the week ending on Feb. 27, bringing total net assets to $83.4 billion, per data from SoSoValue. The previous three weeks of February all saw over $300 million in net outflows for BTC funds, while the last two weeks of January recorded over $1 billion in net outflows from the products.

Ethereum ETFs also saw a renewed interest last week, with net inflows totaling $80.46 million…

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