Bitcoin ETFs see $2B inflow in best week since March

The past week marked a significant milestone for spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs), attracting over $2 billion in net inflows.

According to Farside data, this was the best five-day period for Bitcoin ETFs since mid-March, highlighting growing investor interest in these products.

The week’s activity saw strong inflows for the 11 U.S.-based spot Bitcoin ETFs.

Monday recorded the highest influx, with $555.9 million entering the funds, followed by $371 million on Tuesday and $458.5 million on Wednesday.

By the end of the week, the total net inflows reached $2.1 billion, surpassing all other weekly figures since March 11-15, when inflows topped $2.5 billion.

BlackRock’s IBIT ETF emerged as a leading performer, generating over $1 billion in inflows across Tuesday, Wednesday, and Thursday.

Fidelity’s FBTC fund saw $348 million, while Ark Invest’s ARKB attracted $306.1 million.

Importantly, no net outflows were registered during the week, with all major funds experiencing positive growth, even Grayscale’s largest fund saw inflows.

Bitcoin’s price reflected this activity, rising from $62,500 on Monday to a multi-month high of $69,000 by Friday.

The surge in inflows and the corresponding price increase indicate a strong correlation between ETF performance and investor confidence in Bitcoin.

In addition to Bitcoin ETFs, spot Ethereum (CRYPTO:ETH) ETFs also experienced a positive week.

Despite seeing $12.7 million in net withdrawals on Tuesday, they recorded net inflows of $17 million on Monday, $24.2 million on Wednesday, and $48.4 million on Thursday.

By the end of the week, total net inflows for Ethereum ETFs reached $78.8 million, making it the best week since August 5-9.

Ethereum’s price also surged, climbing from $2,450 on Monday to $2,640 by the end of the week, following a similar pattern to Bitcoin’s performance.

At the time of writing, the Bitcoin price was $69,069.72.