US Bitcoin spot ETFs have recorded net inflows for two consecutive weeks, the first time in nearly five months.

The US Bitcoin spot ETF recorded net inflows of approximately $568.5 million this week, continuing the trend of approximately $787.3 million net inflows last week, achieving two consecutive weeks of positive inflows, the first time in nearly five months. Previously, the Bitcoin spot ETF had recorded net outflows for five consecutive weeks, with a cumulative outflow of approximately $3.8 billion, the largest single-week outflow occurring in the week of January 30, with a net outflow of approximately $1.49 billion. The Ethereum spot ETF also recorded net inflows for two consecutive weeks, with a net inflow of approximately $23.56 million this week, compared to $80.46 million last week, marking the first time since early October last year that it has achieved two consecutive weeks of positive inflows. Previously, the Ethereum spot ETF also experienced five consecutive weeks of net outflows, with a cumulative outflow of over $1.38 billion. Furthermore, Fernando Nikolić, Marketing Director at Blockstream, pointed out on the X platform that the Bitcoin spot ETF, listed for less than two years, has already matched the cumulative net inflows of a gold ETF over approximately 15 years, and this milestone occurred against the backdrop of a 46% pullback in Bitcoin's price from its peak. (Cointelegraph)