Bitcoin ETFs Pull in $987 Million as Institutional Demand Recovers

U.S. spot Bitcoin (BTC) exchange-traded funds saw significant net inflows last week, totaling $986.9 million and marking three consecutive weeks of positive flows.

This surge in institutional demand is reflected in the data from SoSoValue, which shows that BlackRock's IBIT led the funds with $691.5 million in net inflows for the week ended September 4.

The trading volume for these funds reached $14.5 billion last week, down from nearly $19 billion the previous week.

Meanwhile, spot ether (ETH) ETFs recorded $218.4 million in net inflows last week, also marking their third consecutive week of positive flows, with a weekly trading volume of $4.1 billion.