U.S. spot bitcoin exchange-traded funds posted their second consecutive week of net inflows, marking their first weekly gain in five months.
According to data from SoSoValue, Spot Bitcoin (BTC) ETFs generated net inflows of about $568.45 million this week. The products also posted positive inflows of around $787.31 million last week, reviving investor appetite after several weeks of decline.
Prior to the recent changes, US spot Bitcoin ETFs had endured a long period of investor outflows, recording nearly US$3.8 billion overseas in five weeks. The largest weekly outflow during the streak occurred in the week ending January 30, when spot Bitcoin ETFs recorded outflows of nearly $1.49 billion.
During this week, the daily flow was mixed. Spot Bitcoin ETFs recorded inflows of $458.19 million on Monday, followed by $225.15 million on Tuesday and a further $461.77 million on Wednesday. The momentum reversed in the final sessions, with funds withdrawing $227.83 million on Thursday and paying $348.83 million on Friday.
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Ether ETFs see weekly inflows
US Spot Ether (ETH) ETFs also recorded their second consecutive week of net inflows. After posting $80.46 million last week, the box office netted about $23.56 million this week, marking its first weekly gain since early October last year.
Ahead of the recovery, Spot Ether ETFs faced a streak of outflows, recording cumulative outflows of more than $1.38 billion over five consecutive weeks. The largest weekly outflows occurred during the week ending Jan. 23, when funds recorded nearly $611 million in net purchases.
Meanwhile, funds saw mixed results during the last reporting week. They recorded an inflow of $38.69 million on Monday, followed by an outflow of $10.75 million on Tuesday. Imports rebounded on Wednesday with $169.41 million, but that momentum slowed over the weekend.
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Bitcoin ETFs match the 15-year returns of gold ETFs in 2 years
In a post on Saturday at X, Fernando Nikolic, Blockstream’s chief marketing officer, noted that Bitcoin ETFs have already matched the 15-year cumulative inflows of gold ETFs in less than two years, despite gold’s debut in the ETF market.
Nikolic added that the milestone came amid a 46% drop in Bitcoin and several months of negative price performance, arguing that institutional demand remains strong even amid market weakness.
“Anyone still arguing that bitcoin is ‘digital gold’ is wasting their breath,” he wrote. “Bitcoin is not trying to become gold. Bitcoin is making gold look weak,” he added.
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