Despite the outflows, Ethereum ETFs extended their weekly inflow streak to three straight and have attracted $337.74 million in net inflows so far in July.<\/p>\n
Spot crypto ETF flows have become one of the market\u2019s most closely watched gauges of demand for Bitcoin (BTC) and Ether (ETH) through traditional investment products.\u00a0<\/p>\n
Although other jurisdictions, including Hong Kong, have launched similar funds<\/a>, US-listed ETFs account for the vast majority of assets and trading volumes.<\/p>\n Daily spot Ethereum ETF net flows from July 17 to July 24. Source: SoSoValue<\/em><\/p>\n The reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240.08 million in net outflows on Friday.<\/p>\n Bitcoin ETFs also extended their net inflow streak to three consecutive weeks, adding $103.90 million during the week ended Friday and $233.96 million so far in July. They followed a record June, when $4.5 billion flowed out of the funds.\u00a0<\/p>\n BTC traded just under $64,000 at the time of writing, tumbling from the week\u2019s high of $66,892 on Tuesday, according to CoinGecko<\/a>. ETH traded at $1,837, down from Wednesday\u2019s weekly high of $1,954.<\/p>\n Related: <\/strong><\/em>Bitcoin falls under $64K as surging US bond yields boost Fed rate-hike odds<\/strong><\/em><\/a><\/p>\n Following Japan\u2019s recent overhaul of its crypto regulations, which is widely viewed as laying the groundwork for future spot Bitcoin ETFs<\/a>, crypto management platform XWIN estimated that a mature Japanese spot Bitcoin ETF market could reach about $18.4 billion, equal to roughly 0.13% of the country\u2019s $14.6 trillion in household financial assets.<\/p>\n![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-2138.png\")
<\/p>\n<\/p>\nBitcoin ETFs also end week with outflows<\/strong><\/h2>\n
Japan\u2019s crypto reforms fuel $18.4 billion Bitcoin ETF forecast<\/h2>\n