US spot Bitcoin exchange-traded funds have recorded their second consecutive week of net inflows, a significant development marking the first back-to-back weekly gains in five months. These funds attracted approximately $568.45 million in net inflows this week, following $787.31 million in inflows the previous week. This turnaround follows a prolonged period where US spot Bitcoin ETFs experienced sustained outflows totaling roughly $3.8 billion over a five-week streak.
Daily flows for Bitcoin ETFs showed mixed results, with strong inflows earlier in the week on Monday, Tuesday, and Wednesday, followed by outflows on Thursday and Friday. Meanwhile, US spot Ether ETFs also saw their second consecutive week of net inflows, attracting $23.56 million this week after $80.46 million the prior week. This follows a period of over $1.38 billion in cumulative outflows for Ether ETFs.
In a notable comparison, Bitcoin ETFs have matched approximately 15 years of cumulative inflows seen by gold ETFs in less than two years, despite gold's significant head start in the ETF market. This milestone was achieved even during a Bitcoin drawdown and several months of negative price performance, underscoring robust institutional demand.
