Bitcoin ETFs Post Back-to-Back Weekly Inflows as Momentum Shifts

Bitcoin spot exchange-traded funds (ETFs) have seen back-to-back weekly inflows for the first time in five months, according to data from SoSoValue. The funds pulled in roughly $568.45 million this week, following $787.31 million in inflows the previous week.

This marks the first time since October that Bitcoin ETFs have posted consecutive weekly gains. During a difficult five-week period, spot Bitcoin ETFs shed approximately $3.8 billion in cumulative outflows, with the worst single week coming in the period ending January 30, when withdrawals totaled about $1.49 billion.

U.S. spot Ethereum ETFs also recorded two straight weeks of net inflows for the first time since early October. The funds attracted roughly $23.56 million this week, adding to $80.46 million posted the prior week.

Blockstream's director of marketing, Fernando Nikolic, noted that Bitcoin ETFs have matched roughly 15 years of cumulative gold ETF inflows in less than two years, despite a 46% Bitcoin drawdown and months of negative price performance.