Which Crypto ETF Drew the Most Money Last Week? Not Bitcoin, and Not Ethereum
Zcash (ZEC) spot exchange-traded funds (ETFs) drew $98.2 million in the week ending September 18, the largest influx amongst 14 crypto merchandise. Ethereum (ETH) funds posted the solely outflow at $140 million.
The weekly totals masks a risky spherical journey. Both Ethereum and Bitcoin (BTC) merchandise bought off onerous midweek, and solely certainly one of them recovered in time.
Two Bad Days in Washington, Then a Scramble Back
Both complexes opened the week in the inexperienced. Bitcoin ETFs took in $160.04 million on Monday, whereas Ethereum merchandise added $121.02 million.
That reversed on Tuesday, when the Senate rejected cloture on the Digital Asset Market CLARITY Act by 49-50. Bitcoin funds misplaced $450.33 million that session, their worst of the week.
Then the Fed raised rates 25 basis points to a spread of three.75% to 4% on Wednesday, its first enhance since 2023. Bitcoin shed one other $295.98 million, and Ethereum misplaced $224.11 million.
Bitcoin turned on Thursday and pulled in $433.03 million on Friday, recovering the $746.31 million it misplaced throughout the two coverage periods. Its weekly whole landed at $6.2 million, the smallest absolute determine in 141 weeks of buying and selling.
Ethereum took longer to show. Its outflows ran for 3 straight periods and totaled $404.82 million earlier than a $143.80 million Friday, leaving the week short.
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A Four-Week-Old Fund Outdraws Everything Else
Meanwhile, the Zcash ETF has now logged 4 consecutive constructive weeks since launching in late August, taking in $271 million in whole. Assets jumped 40.5% final week to $914.5 million.
That makes Zcash the third-largest altcoin ETF product, behind XRP (XRP) and Solana (SOL) and forward of 9 others. Trading quantity reached $11.42 billion, or 32.5% of all spot crypto ETF turnover.
Solana added $13.2 million, extending a streak to 12 straight constructive weeks. XRP took in $9.6 million, roughly half the earlier week’s $19 million.
Hyperliquid (HYPE) flipped to a $3.1 million influx after shedding $26.4 million. Chainlink (LINK), Avalanche (AVAX), Tron (TRX), Dogecoin (DOGE), Litecoin (LTC), and Hedera (HBAR) collectively drew underneath $4.8 million, whereas BNB and Polkadot (DOT) recorded no flows in any respect.
Net flows throughout all 14 merchandise totaled destructive $5 million, towards a 4.89% rise in mixed belongings to $123.9 billion. Whether patrons chase the rebound or hold sitting it out ought to present in subsequent week’s figures.
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The publish Which Crypto ETF Drew the Most Money Last Week? Not Bitcoin, and Not Ethereum appeared first on BeInCrypto.
