Spot Bitcoin ETFs See Best Week Since 2024 Amid Market Recovery

Bitcoin investment products just recorded one of their strongest weeks in recent memory, as spot BTC ETFs based in the U.S. attracted over $3 billion in new inflows.

This marks their best performance since November 2024, according to data from SoSoValue.

Leading the charge were BlackRock’s IBIT and Fidelity’s FBTC, which together captured the vast majority of Friday’s inflows — $240 million and $108 million respectively, accounting for 92% of that day’s total activity. The strong inflow streak helped lift total assets in spot Bitcoin ETFs close to $110 billion, with IBIT now controlling nearly 3% of Bitcoin’s circulating supply.

BlackRock’s Jay Jacobs commented that growing global uncertainty is pushing investors toward alternatives like gold and Bitcoin, assets perceived to behave differently from traditional markets.

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This surge in ETF activity comes alongside Bitcoin’s price recovery, which saw the asset rebound from April lows near $75,000 to around $95,000 — although BTC has cooled slightly in the past 24 hours, down about 1.2%.

Ethereum ETFs also showed signs of life. After enduring eight consecutive weeks of net outflows, U.S.-listed spot ETH funds finally posted a positive week with $157 million in inflows. However, because of Ethereum’s broader price decline this year, these ETFs now hold less than half the value they managed at the beginning of 2024.

ETH is currently trading near $1,800, slightly down on the day. BlackRock’s ETHA remains the largest U.S. spot Ethereum ETF but still only controls about 1% of ETH’s total supply.