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crypto.news 2025-05-12 07:29:41

Spot Bitcoin ETFs see three-week inflow streak totalling $5.8 billion

U.S. spot Bitcoin ETFs logged a third week of strong inflows as investor demand stayed high, helped by easing trade war worries after the U.S. struck a deal with a key partner and signaled talks with China’s president to improve ties. According to data from SoSoValue, the 12 spot Bitcoin ETFs brought in $921 million over the past week, dated from May 5-9. Notably, these investment products have been on a strong inflow run for three straight weeks, bringing nearly $5.8 billion. BlackRock’s IBIT led the pack again, bringing in over $1 billion last week alone, according to Farside data . It’s now riding a 19-day inflow streak that’s added over $5 billion to its assets, making it the longest-running streak for any spot Bitcoin ETF this year. Fidelity’s FBTC and ARK 21Shares’ ARKB also chipped in with smaller gains, adding $62.4 million and $45.6 million, respectively. However, three of the funds, namely, Grayscale’s GBTC, Bitwise’s BITB, Franklin Templeton’s EZBC, and VanEck’s HODL, recorded a combined outflow of $217.4 million, which partially offset the week’s overall gains. The remaining BTC ETFs saw zero flows over the period. You might also like: Bitcoin eyes new all-time high amid “substantial progress” in U.S.-China trade talks Following Friday’s inflows, total net inflows into these investment vehicles since launch day stood at $41.16 billion, a new all-time high for cumulative flows. A lot of this fresh momentum is being linked to macro developments. U.S. President Donald Trump announced a trade agreement with the U.K., pledging to roll back tariffs on British cars, aluminum, and steel. In return, the U.K. will open up its market to more American exports like beef, ethanol, and soft drinks. Talks with China are also back on the table, and that’s been a major relief for global investors. With geopolitical stress easing, Bitcoin ( BTC ) broke above the $100,000 mark again, climbing to around $104,000 at the time of writing. It’s now just 4.5% off its all-time high from January. Risk-on sentiment returned, with the Crypto Fear & Greed Index at 70, firmly in “greed” territory, up from last week’s neutral readings. Analysts attribute the rally in part to strong capital flows into spot Bitcoin ETFs. According to CryptoQuant founder Ki Young Ju, Bitcoin’s current rally is being driven by consistent ETF inflows, alongside rising institutional and government participation. Despite the persistently strong demand for BTC ETFs, their Ethereum counterparts had a bearish week, recording three days of outflows versus just one day of inflows. The nine spot Ethereum ETF funds recorded a combined net outflow of $38.15 million over the period. Read more: Will Bitcoin price hit $110k as crypto fear and greed index turns green?

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