Are Bitcoin ETF Flows Turning Positive Again?
US spot Bitcoin exchange-traded funds recorded their second consecutive week of net inflows, the first time the products have delivered back-to-back weekly gains in about five months. According to data from SoSoValue, the funds attracted roughly $568.45 million during the latest week.
The rebound follows $787.31 million in inflows the week before, suggesting investor demand has returned after a prolonged period of withdrawals. Prior to the recent turnaround, US spot Bitcoin ETFs experienced a five-week stretch of net outflows totaling roughly $3.8 billion.
The sharpest weekly withdrawal during that period came in the week ending Jan. 30, when the funds saw approximately $1.49 billion exit the products. The latest inflow streak therefore represents a break in what had been a sustained period of negative flows.
Investor Takeaway
What Do the Daily Flow Patterns Show?
The weekly inflow total masks a volatile pattern across individual trading sessions. Early in the week, the funds posted strong demand, recording $458.19 million in inflows on Monday, followed by $225.15 million on Tuesday and another $461.77 million on Wednesday.
However, the momentum reversed during the final two sessions. Spot Bitcoin ETFs saw $227.83 million in outflows on Thursday and $348.83 million in redemptions on Friday, erasing part of the earlier gains but still leaving the week in positive territory.
Mixed daily flows have become common for the products as institutional allocations move in large blocks. Short bursts of buying can be followed by equally large redemptions as asset managers rebalance portfolios or respond to market volatility.
Are Ether ETFs Seeing the Same Pattern?
US spot Ether ETFs also recorded their second consecutive week of inflows, although the scale remains much smaller than the Bitcoin products. The funds drew about $23.56 million in net inflows during the week, according to the same dataset.
That follows $80.46 million in inflows the previous week, marking the first time Ether ETFs have posted two consecutive positive weeks since early October last year. Like Bitcoin ETFs, the Ether products had experienced an extended period of withdrawals beforehand.
Over the previous five weeks, spot Ether ETFs recorded more than $1.38 billion in cumulative outflows. The largest weekly withdrawal occurred in the week ending Jan. 23, when investors pulled roughly $611 million from the funds.
Daily flows during the latest week also fluctuated. Ether ETFs recorded $38.69 million in inflows on Monday, followed by $10.75 million in outflows on Tuesday. Demand returned on Wednesday with $169.41 million in inflows before weakening later in the week.
Investor Takeaway
How Do Bitcoin ETF Flows Compare With Gold?
The scale of demand for Bitcoin ETFs has also sparked comparisons with traditional commodity funds. In a post on X, Fernando Nikolić, Blockstream’s director of marketing, pointed out that Bitcoin ETFs have already matched roughly 15 years of cumulative inflows recorded by gold ETFs in less than two years.
The comparison highlights how quickly Bitcoin-based investment products have attracted capital relative to older commodity ETFs, even though gold had a long head start in exchange-traded markets.
Nikolić noted that the milestone occurred while Bitcoin experienced a roughly 46% drawdown and several months of weak price performance, suggesting ETF demand continued despite market volatility.
“Anyone still arguing about whether bitcoin is ‘digital gold’ is wasting their breath,” he wrote. “Bitcoin isn’t trying to be gold. Bitcoin is making gold look slow.”
The renewed inflows into both Bitcoin and Ether ETFs suggest that institutional investors remain engaged with crypto markets even during periods of price consolidation. Whether the two-week rebound develops into a sustained inflow cycle will likely depend on broader market sentiment and Bitcoin’s price trajectory in the coming weeks.
