Bitcoin ETFs Reverse $3.8 Billion Outflows with Back-to-Back Weekly Inflows

U.S. spot Bitcoin exchange-traded funds (ETFs) have posted back-to-back weekly gains for the first time in five months, according to SoSoValue data.

This marks a significant turnaround after a difficult period that saw the funds shed approximately $3.8 billion in cumulative outflows.

The worst single week came in the period ending Jan. 30, when withdrawals totaled about $1.49 billion.

This week's inflows were led by a strong session on Wednesday, with $461.77 million flowing into the funds.