US spot Bitcoin exchange-traded funds posted their second straight week of net inflows, the first back-to-back weekly gains in five months. Spot Bitcoin (BTC) ETFs drew about $568.45 million in net inflows this week, following roughly $787.31 million in inflows the prior week, according to SoSoValue. The turn to positive flows follows a run of sustained withdrawals that saw approximately $3.8 billion leave the products over a five-week stretch. The largest weekly outflow in that streak was about $1.49 billion in the week ending Jan. 30.
Daily flows during the latest week were mixed. Spot BTC ETFs saw $458.19 million of inflows on Monday, $225.15 million on Tuesday and $461.77 million on Wednesday, before reversing with $227.83 million in outflows on Thursday and $348.83 million in redemptions on Friday.
US spot Ether (ETH) ETFs also recorded their second consecutive week of net inflows, taking in about $23.56 million this week after $80.46 million the previous week — the first back-to-back weekly gains for the funds since early October. Before the rebound, spot Ether ETFs suffered more than $1.38 billion in cumulative outflows across five straight weeks, with the biggest weekly redemption of roughly $611 million in the week ending Jan. 23.
Ether ETF flows were uneven across the week: $38.69 million of inflows on Monday, $10.75 million of outflows on Tuesday, then $169.41 million of inflows on Wednesday, with momentum tapering later in the week.
Separately, Blockstream marketing director Fernando Nikolić noted on X that Bitcoin ETFs have matched about 15 years of cumulative inflows into gold ETFs in under two years, a milestone he said occurred amid a 46% Bitcoin drawdown and months of negative price performance. He argued this demonstrates persistent institutional demand and wrote that “Bitcoin isn’t trying to be gold. Bitcoin is making gold look slow.”