- U.S. spot Bitcoin ETFs saw $3B in inflows last week, the second-highest ever recorded, fueled by BTC’s price recovery.
- BlackRock’s IBIT and Fidelity’s FBTC drove 92% of Friday’s Bitcoin ETF inflows as BTC neared $95,000.
- U.S. Ethereum ETFs broke an eight-week outflow streak, pulling $157M in new investments despite ETH price struggles.
Last week, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their highest level of net inflows since November 2024 amounting to more than $3 billion, according to data from SoSoValue. The Bitcoin prices came back sharply from April lows, sending renewed interest into digital asset funds
Total assets under management across U.S. spot bitcoin ETFs came very close to $110 billion due to the strong weekly inflow. The other drivers on Friday were the two big holding companies for Bitcoin, BlackRock’s iShares Bitcoin Trust (IBIT), and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw 92% of all flows. As of now IBIT has approximately 2.97% of the total supply of bitcoin under its control and is close to 3% holding.
Bitcoin ETFs Record Six Consecutive Days of Net Inflows
Six consecutive days of net bitcoin ETF flows in the United States: an enduring demand as bitcoin prices jumped from around $75,000 in early April to around $95,000. The broader trend to date has yet again remained positive as bitcoin focused investment products see 1.2% daily dip of 1.2% over the past 24 hours.
On Friday, BlackRock’s IBIT brought in net inflows of $240 million as Fidelity’s FBTC grew to $108 million, according to SoSoValue data. Weeklies rolled on unabated and crossed the $3 billion line in yet another consistent parlay, itself the second ever instance in history of weekly inflows hitting three figures.
The U.S. Head of Equity ETFs at BlackRock, Jay Jacobs, told CNBC that “gold and bitcoin and other such things, in times when the world is becoming less certain and alternative things become a source of value,” are often popular in periods of increased global uncertainty.
Ethereum ETFs Break Eight-Week Outflow Streak Amid Modest Gains
However, last week was the first time that spot Ethereum ETFs in the U.S. made net positive inflows since February. During more than eight weeks of outflows, Ethereum fueled funds had $157 million of inflows.
However, Ethereum’s price performance remained relatively muted compared to bitcoin. ETH traded around $1,800 at the end of the week, reflecting a 0.7% decline over the past 24 hours, according to The Block’s Ethereum Price page. The recovery in ETF flows comes despite a broader downward trend in Ethereum’s price this year, which has led to significant reductions in the total value of Ethereum ETF assets. BlackRock’s Ethereum ETF, ETHA, now holds about 1% of all circulating Ethereum, a smaller share compared to the bitcoin holdings of IBIT.
