US spot Bitcoin ETFs have reversed a five-month trend of outflows, marking the second consecutive week of significant investor inflows. This comes after a period where these funds shed approximately $3.8 billion across five straight weeks.
According to data, Bitcoin ETFs brought in around $568 million this week, following $787 million in the prior week. This marks the first back-to-back positive weeks since early October. The turnaround is notable as it occurred during a period of price decline, with Bitcoin dropping 46% from its peak.
While weekly totals show a positive trend, daily flows reveal a more mixed picture. Inflows early in the week were followed by outflows on Thursday and Friday, suggesting investor caution despite renewed interest.
Ether ETFs also saw their second consecutive week of net inflows, collecting around $23.56 million. This follows a period of substantial withdrawals from Ether products.