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 inflow among 14 crypto products. Ethereum (ETH) funds posted the only outflow at $140 million.
The weekly totals mask a volatile round trip. Both Ethereum and Bitcoin (BTC) products sold off hard midweek, and only one of them recovered in time.
Two Bad Days in Washington, Then a Scramble Back
Both complexes opened the week in the green. Bitcoin ETFs took in $160.04 million on Monday, while Ethereum products 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 lost $450.33 million that session, their worst of the week.
Then the Fed raised rates 25 basis points to a range of 3.75% to 4% on Wednesday, its first increase since 2023. Bitcoin shed another $295.98 million, and Ethereum lost $224.11 million.
Bitcoin turned on Thursday and pulled in $433.03 million on Friday, recovering the $746.31 million it lost across the two policy sessions. Its weekly total landed at $6.2 million, the smallest absolute figure in 141 weeks of trading.
Ethereum took longer to turn. Its outflows ran for three straight sessions and totaled $404.82 million before 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 four consecutive positive weeks since launching in late August, taking in $271 million in total. Assets jumped 40.5% last week to $914.5 million.
That makes Zcash the third-largest altcoin ETF product, behind XRP (XRP) and Solana (SOL) and ahead of nine others. Trading volume reached $11.42 billion, or 32.5% of all spot crypto ETF turnover.
Solana added $13.2 million, extending a streak to 12 straight positive weeks. XRP took in $9.6 million, roughly half the previous week’s $19 million.
Hyperliquid (HYPE) flipped to a $3.1 million inflow after losing $26.4 million. Chainlink (LINK), Avalanche (AVAX), Tron (TRX), Dogecoin (DOGE), Litecoin (LTC), and Hedera (HBAR) together drew under $4.8 million, while BNB and Polkadot (DOT) recorded no flows at all.
Net flows across all 14 products totaled negative $5 million, against a 4.89% rise in combined assets to $123.9 billion. Whether buyers chase the rebound or keep sitting it out should show in next week’s figures.
Disclaimer: The content presented above, whether from a third party or not, is considered as general advice only. CFD trading involves significant risk of loss. Past performance does not guarantee future results. This article serves informational purposes only and does not constitute financial advice. Consider your risk tolerance before trading.
