Bitcoin ETFs attract $1.8 billion in one week!

Bitcoin is regaining the interest of institutional markets. This week, US cash ETFs attracted $1.8 billion in inflows, a peak not seen since October 2025. Such a spectacular recovery comes against an uncertain macroeconomic backdrop, reviving hopes of a new bull cycle. However, does this surge reflect an underlying trend or a simple technical rebound? At a time when the $100,000 mark is fueling speculation, the market remains suspended on the regularity of this new capital.

A massive influx of capital, but a recovery still fragile

US Spot Bitcoin ETFs Recorded This Week $1.8 billion in net inflowsa record since last October.

This renewed interest comes as the price of BTC came to test the resistance of $98,000. Such a surge in flows “marks highest weekly collection since first week of October 2025”confirming a return of institutional appetite for bitcoin exposure products.

Despite this rebound in inflows, total ETF assets remain down 24% compared to their peak in the fourth quarter of 2025, falling from $164.5 billion to $125 billion. This contrast underlines that, although interest is reawakening, it is not yet able to compensate for the outflows observed in previous months.

In other words, these figures should be interpreted with caution. The analysis letter Ecoinometrics insists: “bitcoin doesn't need a few good days, it needs several good weeks“. In other words, occasional increases in flows were often followed by a rapid decline.

Here is the key elements to remember:

• Weekly inflows are high, but insufficient at this stage to restart a sustainable upward trend;

• The analysis of cumulative flows remains negative, despite some recent positive bursts;

• ETF AUM remains nearly a quarter below its historic peak, proof that current movements are not yet compensating for past outflows;

• The technical threshold of $98,000 was not breached, suggesting continued investor caution despite buying signals.

Demand structurally stronger than supply

Behind the volatility of weekly flows, deeper forces are at work. Since the launch of spot ETFs in January 2024, funds acquired approximately 710,777 BTCwhile the network only produced 363,047 over the same period, according to Bitwise data.

This supply-demand imbalance is central. It means that, even without a speculative rally, institutional demand exerted via ETFs is already absorbing almost twice the new supply of bitcoin. It is this phenomenon which, according to Bitwise, has contributed to the 94% increase in the price of crypto since the launch of ETFs.

In the medium term, this imbalance could become more pronounced. Bitwise anticipates that ETFs will buy more than 100% of new bitcoin production during this year, a forecast linked to the rise of institutional players, such as asset managers, listed companies or even certain sovereign wealth funds.

This dynamic is part of a long-term trend. Bitcoin ETFs have already attracted $36.2 billion in net flows in 2024, reaching $125 billion in assets under management at a faster pace than seen during the rise of the SPDR Gold Shares, the gold-backed ETF.

Bitcoin soars to $97,000, driven by an unprecedented surge in institutional interest. However, behind this surge, the question remains: are we witnessing a lasting turning point or just a temporary surge? The next few weeks will tell whether flows into ETFs can turn the current momentum into a real uptrend.