US Spot Bitcoin ETFs Record First Bi-Weekly Net Inflow in Five Months

Recent data indicates that US spot Bitcoin (BTC) and Ethereum (ETH) ETFs have simultaneously recorded net inflows for two consecutive weeks. Notably, within less than two years of their launch, Bitcoin ETFs have accumulated total inflows matching the 15-year cumulative total of Gold ETFs. This reallocation of institutional capital signals a shifting market dynamic.

Prior to this, spot Bitcoin ETFs experienced five consecutive weeks of outflows, totaling $3.8 billion. However, a significant trend reversal occurred this week. Spot Bitcoin ETFs recorded approximately $568 million in net inflows, which, combined with the previous week's $787 million, confirmed a reversal in capital flows and marked the first consecutive bi-weekly net inflow in five months.

Analyzing the daily capital flows this week reveals distinct market patterns:

• Steady Capital Inflows (Monday to Wednesday): Capital inflows demonstrated incremental growth, with Wednesday reaching a peak daily net inflow of $461 million.

• Short-Term Technical Adjustment (Thursday to Friday): Approaching the weekend, the market experienced short-term profit-taking and technical pullbacks, resulting in a daily net outflow of $348 million on Friday.

Ethereum Recovers in Sync, Returning to Net Inflow Channel

US spot Ethereum ETFs also demonstrated positive performance this week, recording approximately $23.56 million in net inflows and extending the previous week's $80.46 million inflow trend. This marks the first time since early October last year that Ethereum ETFs have achieved two consecutive weeks of positive capital growth.

Before this capital return, Ethereum ETFs had endured five consecutive weeks of outflows exceeding $1.38 billion. The robust $169 million buying volume on Wednesday served as a critical catalyst in driving this trend reversal.

Macro Perspective: Bitcoin ETF Two-Year Inflows Match 15-Year Total of Gold ETFs

Beyond short-term volatility, macroeconomic data comparisons reveal profound shifts in market structure. Fernando Nikolić, Marketing Director at Blockstream, highlighted that within less than two years of inception, the cumulative capital inflows into Bitcoin ETFs have equaled the 15-year total inflows of Gold ETFs.

Crucially, this milestone was not achieved during a unilateral bull market, but rather after Bitcoin underwent a 46% deep correction and months of consolidation. This indicates that even during relatively weak market cycles, the demand for crypto asset allocation among traditional financial institutions remains stable.

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