Spot Bitcoin ETFs End Outflow Streak With $70 Million Inflows
Spot Bitcoin ETFs reversed a month-long streak of outflows with about $70 million in net weekly inflows, after losing $4.35 billion over the previous four weeks. The sector’s net assets rose to approximately $119.4 billion, representing about 6.5% of Bitcoin’s market cap. On Friday, although BlackRock’s IBIT had $113.7 million in outflows, strong inflows into Fidelity’s FBTC ($77.5 million) and ARK 21Shares’ ARKB ($88 million) offset losses. Cumulative inflows into Bitcoin ETFs since launch have reached nearly $57.7 billion. Spot Ether ETFs similarly ended three weeks of withdrawals by posting $312.6 million in weekly inflows, with cumulative inflows since launch at $12.94 billion and total assets at about $19.15 billion—around 5.2% of Ether’s market cap. Technical indicators suggest Bitcoin may be near a short-term bottom, increasing the likelihood of a relief rally, while some analysts anticipate further upside due to improving macroeconomic expectations.
