Svmuu News U.S. Bitcoin spot ETFs recorded approximately $568.5 million in net inflows this week, continuing the trend from last week's approximately $787.3 million in net inflows. This marks the first time in nearly five months that they have achieved positive inflows for two consecutive weeks. Previously, Bitcoin spot ETFs had experienced net outflows for five consecutive weeks, with a cumulative outflow of around $3.8 billion. The largest single-week outflow occurred during the week of January 30, with a net outflow of approximately $1.49 billion.
Ethereum spot ETFs also recorded net inflows for two consecutive weeks, with approximately $23.56 million in net inflows this week and $80.46 million last week. This is the first time they have achieved positive inflows for two consecutive weeks since early October last year. Prior to this, Ethereum spot ETFs had also experienced net outflows for five consecutive weeks, with a cumulative outflow exceeding $1.38 billion.
Furthermore, Fernando Nikolić, Marketing Director at Blockstream, pointed out on the X platform that less than two years after their launch, the cumulative net inflow of Bitcoin spot ETFs has already matched the cumulative inflow of gold ETFs over approximately 15 years. This milestone was achieved against the backdrop of Bitcoin's price being down 46% from its peak. (Cointelegraph)