US Bitcoin ETFs See Second Straight Week of Inflows

Securities and cryptocurrency spot ETF uptake surged in US ETFs for the first time in two weeks of gains for both tokens

  • US spot Bitcoin ETFs saw $568.45 million in net inflows this week, marking their first back-to-back weekly gains in five months.
  • Spot Ether ETFs also posted $23.56 million in inflows, achieving two consecutive weeks of positive flows for the first time since last October.
  • Cumulative inflows for spot Bitcoin ETFs have already matched roughly 15 years of Gold ETF inflows in less than two years.

Institutional appetite for US spot cryptocurrency exchange-traded funds has demonstrably strengthened, as both Bitcoin and Ether products posted their second consecutive week of net inflows, breaking prolonged outflows. This shift marks the first time in five months that Bitcoin ETFs have recorded back-to-back weekly gains, according to data from SoSoValue.

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Spot Bitcoin ETFs attracted roughly $568.45 million in net inflows this week. This follows a positive week where the funds saw about $787.31 million in net inflows, indicating renewed investor confidence after a difficult period. Before the recent rebound, these products endured a brutal five-week streak that resulted in roughly $3.8 billion in cumulative outflows.

Daily Bitcoin ETF flows were mixed, however, with strong inflows early followed by outflows later in the week. Spot Ether ETFs also recorded their second week of net inflows, gaining roughly $23.56 million after an $80.46 million inflow the previous week. This marked their first back-to-back weekly gains since early October last year, following more than $1.38 billion in cumulative outflows across five consecutive weeks.

Meanwhile, the performance of Bitcoin ETFs relative to traditional asset classes is noteworthy. In a recent post on X, Blockstream’s Fernando Nikolić noted Bitcoin ETFs have already matched roughly 15 years of cumulative inflows seen by gold ETFs in less than two years. Nikolić added that this milestone occurred during significant market weakness for Bitcoin, suggesting robust institutional demand. “Bitcoin isn’t trying to be gold,” he wrote, “Bitcoin is making gold look slow.”

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