CMC News

Bitcoin ETFs See Back-to-Back Weekly Inflows for First Time in 5 Months

U.S. spot $BTC exchange-traded funds pulled in roughly $568.45 million in net #inflows this week. That followed $787.31 million in inflows the previous week, according to SoSoValue data. It marks the first time the funds have posted back-to-back weekly gains since October. #BitcoinETF

The streak ends a difficult five-week period for the funds. During that stretch, spot $BTC ETFs shed approximately $3.8 billion in cumulative outflows. The worst single week came in the period ending Jan. 30, when withdrawals totaled about $1.49 billion.

Daily flow data within this week was mixed. Monday brought $458.19 million in inflows, followed by $225.15 million on Tuesday. Wednesday was the strongest session, with $461.77 million flowing in. #Bitcoin

The momentum did not hold through the end of the week. Thursday saw $227.83 million in outflows, and Friday closed with $348.83 million in redemptions. Despite the late-week pullback, the weekly total remained in positive territory.

U.S. spot $ETH ETFs also recorded two straight weeks of net inflows for the first time since early October. The funds attracted roughly $23.56 million this week, adding to $80.46 million posted the prior week. #ETF

#Ethereum funds had previously endured five consecutive weeks of outflows totaling more than $1.38 billion. The single largest withdrawal came in the week ending Jan. 23, when redemptions reached roughly $611 million. Within the latest reporting week, the funds saw inflows of $38.69 million on Monday and $169.41 million on Wednesday, with $10.75 million in outflows on Tuesday.