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U.S. Spot Bitcoin ETFs See $3 Billion Weekly Inflows, Highest in Five Months After BTC Price Surge
U.S.-based spot bitcoin ETFs attracted more than $3 billion in new investments last week, as cryptocurrency markets broadly rebounded. This marked the highest weekly inflow in five months and the second-largest weekly inflow ever recorded. Spot Ethereum ETFs also posted their first net positive weekly inflow since February.
As crypto prices climbed last week, spot bitcoin ETFs in the U.S. recorded over $3 billion in inflows—their highest weekly total since November 2024—while spot Ethereum ETFs saw their first net gains in several months.
According to SoSoValue data, Friday marked the sixth consecutive day of net inflows for bitcoin ETFs. BlackRock’s IBIT led the way with $240 million in new investments, followed by Fidelity’s FBTC with $108 million. Together, the two funds accounted for 92% of Friday's total inflows.
The streak brought last week’s cumulative inflows to over $3 billion—the strongest weekly showing since mid-November—pushing the total assets held by these ETFs close to $110 billion. It was only the second time ever that weekly inflows exceeded $3 billion.
IBIT is nearing a significant milestone, holding approximately 2.97% of the total bitcoin supply, according to SoSoValue. "If global uncertainty continues, assets like gold and Bitcoin should keep appreciating," BlackRock’s U.S. Head of Equity ETFs, Jay Jacobs, told CNBC on Thursday. "Investors are seeking assets that behave differently."
The inflows come on the heels of bitcoin's price recovery, bouncing from around $75,000 in April to approximately $95,000 currently. Bitcoin’s price is down about 1.2% over the past 24 hours, according to The Block's Bitcoin Price page.