Spot bitcoin ETFs see $1.4 billion inflows in best week since October

Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States recorded a staggering $1.4 billion in net inflows during the past trading week, marking their strongest cumulative performance since the high anticipation levels observed in October of the previous year. This massive capital injection signals a strong resurgence of institutional conviction following a period of price consolidation in the crypto market.

The majority of the inflows were directed towards funds managed by major financial institutions, primarily BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). The positive momentum was sufficiently strong to comfortably absorb the persistent, though dwindling, outflows from Grayscale’s converted fund (GBTC), resulting in a net positive week for the entire sector.

Market analysts suggest that institutional investors are leveraging the price stability observed between the $60,000 and $70,000 range to build or expand their long-term BTC positions. The sustained inflow volume underscores the critical role these ETFs now play in tightening the supply of Bitcoin available on exchanges, an impact magnified in the post-halving environment, and is expected to exert continued upward pressure on the underlying asset’s valuation.

Source: Spot bitcoin ETFs see $1.4 billion inflows in best week since October