Spot Bitcoin ETFs (exchange-traded funds) in the United States posted five consecutive days of inflows for the first time in 2026. This good form comes as a relief after a turbulent start for BTC and the broader cryptocurrency market.
While the premier cryptocurrency is still struggling in terms of price action, it appears that demand conditions – especially in the US – are steadily improving. According to the latest market data, Bitcoin ETFs registered a net inflow of about $767.32 million during the past week.
US Bitcoin ETFs recorded $767 million last week
On Friday, March 13, US-based bitcoin exchange-traded funds recorded $180.33 million in total net inflows. This latest round of capital inflows marks the fifth day of a run that began earlier this week and was the longest run of the year.
The latest market data shows that BlackRock’s Bitcoin Trust (ticker: IBIT) accounted for the majority (about $143.59 million) of total net inflows on Friday. This was followed by a $23.24 million stake in the Fidelity Wise Origin Bitcoin Fund (FBTC) on the day.
The VanEck Bitcoin ETF ( HODL ), Bitwise Bitcoin ETF ( BITB ), and Ark 21Shares Bitcoin ETF ( ARKB ) (adding $8.05 million, $3.09 million, and $2.36 million in value, respectively) were the only other Bitcoin ETFs to register any activity on Friday. Interestingly, this Friday’s performance is only down from the $250.92 in total net inflows seen on Tuesday, March 10.
As mentioned earlier, these daily performance brought exchange-traded funds a weekly record total of about $767.32 million. This week’s performance marks the third consecutive week of positive inflows for US Bitcoin ETFs.
Source: SoSoValue
BTC-related investment products posted more than $568 million in net income last week, according to SoSoValue. Meanwhile, exchange-traded funds added more than $787 million in value in the last week of February.
Bitcoin price overview
While Bitcoin spot ETFs have seen an increase in demand in recent weeks, there hasn’t been a simultaneous increase in the value of the premier cryptocurrency over the same period. Specifically, the price of BTC has been rejected twice around the $74,000 resistance level in the past two weeks.
As of this writing, the price of BTC is around $70,748, reflecting no significant movement in the last 24 hours. According to CoinGecko, the flagship cryptocurrency is up nearly 5% in the past seven days.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image of DALL-E, chart from TradingView
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