Positive change in US Bitcoin spot ETFs after five months

There is a significant change happening in the US Bitcoin spot ETF. For the first time in five months, these ETFs have experienced positive capital inflows for two consecutive weeks, signaling a clear departure from the previous trend of withdrawals. This shift not only reflects growing institutional interest but also indicates important activity across the entire crypto market.

Bitcoin ETF Recovers After Five Weeks of Continuous Withdrawals

According to data from Odaily Star Planet, earlier this year, Bitcoin spot ETFs faced a serious challenge. Over the past five weeks, approximately $3.8 billion was withdrawn, with the largest weekly outflow of about $1.49 billion in the week of February 1. This series of outflows signaled uncertainty among investors.

However, the situation has changed in the past two weeks. After a net inflow of about $787.3 million last week, this week also saw a positive inflow of approximately $568.5 million. This sequential positive flow indicates that institutional players are gradually reducing their risk exposure to Bitcoin and moving toward long-term investments.

Ethereum ETF Shows Similar Trend

Like Bitcoin, Ethereum spot ETFs are also experiencing a revival. After the start of October, for the first time, Ethereum spot ETFs recorded positive inflows for two consecutive weeks. This week’s inflow is around $2,356, compared to $8,046 last week.

Previously, Ethereum ETFs faced five weeks of continuous withdrawals, with outflows exceeding $1.38 billion. Currently, ETH is priced around $2,160, which is a significant level in the context of the market’s recovery.

Two Years of Spot ETF Launch Equates to 15 Years of Gold ETF Flows

Another remarkable aspect of Bitcoin spot ETF growth is highlighted by data shared on X by Blockstream’s Marketing Director. In just two years since the launch of Bitcoin spot ETFs, their total net inflow has matched the total inflow of gold ETFs over 15 years.

This milestone is especially notable as it occurred during a time when Bitcoin’s price had recovered by 46%. Currently, BTC is trading around $70,900. This indicates that institutional investors now see Bitcoin as an alternative asset class, comparable in reliability to traditional gold.

With these signs, it’s clear that a new momentum is emerging in the crypto market, and institutional interest in major assets like Bitcoin and Ethereum is being rekindled.