Key facts
- US spot Bitcoin ETFs saw a net inflow of $197.4 million last week.
- This inflow ends an eight-week streak of outflows for Bitcoin ETFs.
- Spot Ether ETFs also recorded net inflows of $84.42 million, breaking their outflow streak.
- BlackRock's iShares Bitcoin Trust ETF was the largest contributor to Bitcoin ETF inflows.
- Analysts express caution, suggesting it's too early to confirm a sustained recovery in institutional demand.
US spot Bitcoin ETFs experienced a net inflow of $197.4 million for the week ending Friday, marking the end of an eight-week outflow streak that began in May. BlackRock's iShares Bitcoin Trust ETF was the primary driver, with $291.9 million in inflows, though this was partially offset by outflows from other ETFs like Grayscale's. Analysts remain cautious about confirming a sustained recovery in institutional demand, citing modest flows and potential headwinds. Spot Ether ETFs also broke their eight-week outflow streak, recording $84.42 million in net inflows, though this follows $1.2 billion in net outflows since May 11.