- US spot Bitcoin ETFs have logged six consecutive weeks of net inflows, totaling $3.4 billion since early April.
- The streak marks the longest run of weekly inflows in over nine months, though daily flows turned negative late last week.
- Ether ETFs saw a weekly rebound with $70.49 million in inflows, reversing a prior week of outflows.
- Market participants are cautious ahead of key US jobs data, with Bitcoin’s price hovering around a critical $78,000 support level.
US spot Bitcoin exchange-traded funds have achieved a sixth consecutive week of net inflows, according to data from SoSoValue, marking the longest such streak since August 2025. This run from April 2 through early May pulled in a combined $3.4 billion, with the strongest single week nearing $1 billion in mid-April.
However, last week’s positive flow ended on a sour note with significant outflows on Thursday and Friday. Consequently, the market remains on edge as investors await crucial US employment data, with Bitunix analysts noting uncertainty following a mixed ADP report.
The analysts added that, “On the geopolitical front, although the US and Iran have once again exchanged fire around the Strait of Hormuz, both sides continue to leave room for negotiations.” Meanwhile, Bitcoin’s price slipped below $80,000, with liquidity clustering around the $78,000 level.
In a parallel development, spot Ether ETFs returned to positive territory for the week ending May 8, posting $70.49 million in net inflows. This rebound follows a strong three-week run in April that attracted over $617 million, despite a sharp daily outflow of $103.52 million last Thursday.
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