U.S. spot Bitcoin exchange-traded funds (ETFs) have marked their tenth consecutive day of net inflows, reaching the longest positive streak since December 2024.
This extended trend signals persistent institutional interest in Bitcoin despite a broader market slowdown.
Bitcoin ETFs continued to see strong demand, with net inflows totaling $89 million on Thursday. According to SoSoValue data, key funds showed varied performance: Fidelity’s FBTC led the way with an addition of $97.14 million, while BlackRock’s IBIT saw nearly $4 million in new inflows. Conversely, Invesco’s BTCO and WisdomTree’s BTCW experienced outflows of $7 million and $5 million, respectively.
In total, spot Bitcoin ETFs have accumulated $1.06 billion in net inflows over the past 10 trading days. However, this figure is relatively modest compared to the surge seen in mid-January. Min Jung, an analyst at Presto Research, noted that while institutional investors are not taking on significant risk, the demand for Bitcoin remains consistent, albeit at a slower pace.
The broader market has been affected by recent volatility, particularly after the announcement of new tariffs by the U.S. President Donald Trump. While investor confidence is showing signs of recovery, the uncertainty surrounding trade policies continues to affect market sentiment.
A noticeable trend has emerged in ETF flows, with Bitcoin ETFs consistently receiving positive inflows, while spot Ethereum ETFs have struggled, showing net outflows almost daily since February 20. Jung pointed out the stark contrast between the two, indicating stronger institutional confidence in Bitcoin over Ethereum at the moment.
Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?
While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.
A wave of optimism swept through global markets as the United States and China took decisive steps to de-escalate their long-running trade dispute.
Strategy has made another massive move into Bitcoin, adding 13,390 BTC to its already substantial crypto reserves.