After several weeks of massive withdrawals, American spot Bitcoin ETFs are returning to positive flows. This reversal attracts the attention of institutional investors. Above all, it rekindles the debate on the evolution of demand for the flagship crypto asset.
In brief
- Bitcoin ETFs record two weeks of consecutive net inflows for the first time in five months.
- This return of capital could signal a renewed institutional interest in the bitcoin market.
Bitcoin ETFs record two consecutive weeks of inflows
US-listed spot Bitcoin ETFs have attracted approximately $568.45 million in net inflows over the weekaccording to data from SoSoValue. The previous week had already posted $787.31 million in entries. Which marks the first series of positive flows over two weeks in almost five months.
The detail of daily flows illustrates a renewed interest in bitcoineven if the dynamic remains irregular. The funds actually recorded $458.19 million in inflows on Monday, then $225.15 million on Tuesday and $461.77 million on Wednesday. The trend reversed at the end of the week, with $227.83 million in outflows on Thursday and $348.83 million on Friday.
These movements demonstrate a still shared market. That being said, weekly balance remains positive.
After $3.8 billion in outflows, a trend reversal
Before this rebound, the Bitcoin ETF had gone through a prolonged phase of withdrawals. Over the previous five weeks, investors had withdrawn approximately $3.8 billion from these financial products.
The week ending January 30 even recorded $1.49 billion in outflows, the largest outflow of this period. This context makes the return of positive flows even more notable.
Moreover, the rebound does not only concern bitcoin. THE US Spot Ethereum ETFs also recorded two consecutive weeks of net inflows.
The data shows $23.56 million in entries this week, after $80.46 million the previous week. This dynamic therefore puts an end to a series of five weeks of releases totaling more than 1.38 billion dollars.
If the trend continues in the coming weeks, flows into ETFs could become a key indicator of bitcoin dynamics. Their development now remains closely scrutinized by investors. It reveals the attitude of institutional capital towards the largest cryptocurrency on the market.
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