US Spot Bitcoin ETFs Experience $301M Inflow, Ending Two-Week Outflow Streak

US spot Bitcoin ETFs finished the week with a notable $301 million in net inflows, effectively ending a two-week streak of outflows. This influx was primarily driven by a strong performance early in the week, with a total of approximately $1.07 billion entering the funds from Monday to Wednesday. However, the latter part of the week saw a reversal, with significant outflows on Thursday and Friday.

The provisional weekly figure of $301.2 million was achieved despite the previous two weeks witnessing combined net outflows of around $910 million. The daily breakdown revealed a strong start, with Monday seeing $526.7 million in inflows, followed by $23.2 million on Tuesday, and another $524.8 million on Wednesday. In contrast, Thursday experienced the largest single-day outflow of the week, with $635.6 million leaving the funds, followed by an additional $137.9 million on Friday.

BlackRock's iShares Bitcoin Trust (IBIT) was the standout performer, contributing $565.7 million to the week's inflows, surpassing the total net inflow across all funds. Despite this, IBIT also faced $110.3 million in outflows on Friday, indicating a mixed sentiment among investors. Meanwhile, spot Ether ETFs did not share in the recovery, recording a net outflow of approximately $221 million over the same week.

Currently, total assets under management for US spot Bitcoin ETFs are estimated between $104.7 billion and $109 billion, with cumulative net inflows exceeding $57 billion since their launch in January 2024. The market remains cautious, with traders pricing a 43% chance of Bitcoin dropping to $77,500 this month, suggesting that many are bracing for potential downside.