Bitcoin and Ether ETFs Experience Consecutive Weekly Inflows Amid Market Shifts

U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded their second consecutive week of net inflows, marking the first back-to-back weekly gains in five months. According to Cointelegraph, spot Bitcoin ETFs attracted approximately $568.45 million in net inflows this week, following positive flows of about $787.31 million the previous week. This trend indicates a renewed investor interest after several weeks of sustained outflows. Prior to this turnaround, U.S. spot Bitcoin ETFs experienced a prolonged period of investor withdrawals, with roughly $3.8 billion in cumulative outflows over a five-week streak. The largest weekly withdrawal during this period occurred in the week ending January 30, when spot Bitcoin ETFs recorded about $1.49 billion in net outflows. Throughout the week, daily flows were mixed for spot Bitcoin ETFs. They recorded inflows of $458.19 million on Monday, followed by $225.15 million on Tuesday and a larger $461.77 million on Wednesday. However, the momentum reversed in the final sessions, with the funds seeing $227.83 million in outflows on Thursday and $348.83 million in redemptions on Friday. Meanwhile, U.S. spot Ether (ETH) ETFs also recorded their second consecutive week of net inflows. The funds attracted roughly $23.56 million in net inflows for this week after posting $80.46 million in inflows the previous week, marking their first back-to-back weekly gains since early October last year. Before this rebound, spot Ether ETFs faced a sustained withdrawal streak, recording more than $1.38 billion in cumulative outflows across five consecutive weeks. The largest weekly outflow occurred during the week ending January 23, when the funds recorded roughly $611 million in net redemptions. In a recent post, Fernando Nikolić, Blockstream’s director of marketing, highlighted that Bitcoin ETFs have already matched roughly 15 years of cumulative inflows seen by gold ETFs in less than two years, despite gold having a decade-and-a-half head start in the ETF market. Nikolić noted that this milestone occurred during a 46% Bitcoin drawdown and several months of negative price performance, suggesting that institutional demand remained strong even amid market weakness. He remarked that debates over whether Bitcoin is 'digital gold' are futile, asserting that Bitcoin is not trying to be gold but is instead making gold appear slow in comparison.