Bitcoin, Ethereum ETFs See Massive Inflows as Market Turns Around

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

This marks a significant turnaround from the previous five-week period during which spot Bitcoin ETFs 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.

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