Spot Bitcoin ETFs have had a remarkable week, with $1.3 billion in inflows despite market volatility. This bullish trend is consistent with recent data showing.

Strong Inflows: Spot Bitcoin ETFs attracted $1.8 billion in inflows last week, their 18th consecutive record day of demand. This surge comes as the successful Bitcoin ETFs continue maturing.

Market Demand: The ETFs acquired around 25,700 BTC last week, almost equal to the entire new Bitcoin supply mined during that period. This absorption of new supply is tightening the market.

Institutional Investment: Total assets under management across Bitcoin ETFs now exceed $70 billion, cementing Bitcoin's reputation as an institutional asset class.

Some key players driving these inflows include.

BlackRock's IBIT: Led the charge with $499 million in inflows one week and $295.63 million in another instance.Fidelity's FBTC: Saw significant inflows, including $210.48 million in one day.ARK 21Shares Bitcoin ETF: Also contributed substantially to the inflows.

The consistent inflows into Bitcoin ETFs indicate growing institutional interest and demand for Bitcoin, potentially driving further price appreciation.

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