After two weeks of withdrawals, U.S.-listed spot Bitcoin ETFs bounced back strongly this week, bringing in almost $300 million in net inflows as investors hurried to buy the plunge. The comeback, headed by Fidelity and Ark 21Shares, shows that people are feeling hopeful again about the crypto markets.
Bitcoin ETFs Are Up Again
SoSo Value’sdata shows that Fidelity’s FBTC made $165.9 million and Ark 21Shares (ARKB) made $102.5 million. Grayscale’s BTC also saw $24.1 million in new money. The steep change comes after CoinShares said that digital asset funds lost $1.17 billion last week, with U.S. Bitcoin products losing more than $900 million on their own.
European markets, on the other hand, continued to draw steady interest, with $41 million coming into Germany and $50 million coming into Switzerland. This shows that people outside the U.S. are confident in the long term.
Altcoins Are Strong
Bitcoin is leading the way back up, but Solana kept up its spectacular nine-week run, bringing in $118 million in inflows last week and more than $2.1 billion since mid-year. Smaller tokens like HBAR and Hyperliquid also saw small but steady rises, which suggests that investors are able to tell the difference between established and new cryptocurrencies.
The Basics of Bitcoin Stay Strong
Analysts argue that Bitcoin’s long-term fundamentals are still strong, even though the price has been going up and down a lot lately. According to Thomas Perfumo, Kraken’s global economist, the number of Bitcoin coins in circulation will soon reach 19.95 million, which is 95% of its 21 million ceiling. This will strengthen its story as a rare and valuable asset.
Perfumo also said that institutional investors are starting to see Bitcoin as a structural portfolio asset instead of a speculative move. They purchase dips through Bitcoin ETFs while cutting back on riskier positions.
A look at the market
Bitcoin (BTC): Up 1.4% to $103,000, making up for some of last week’s losses.
Ethereum (ETH): +2.1% to $3,424, as traders rotate back into big assets.
Gold is trading close to record highs at $4,134.6, thanks to mounting budgetary worries in the U.S.
