US spot Bitcoin exchange-traded funds (ETFs) experienced significant investor interest, accumulating approximately $568.45 million in net inflows this week. This follows a strong performance the previous week, where the products garnered about $787.31 million. The recent gains represent the first consecutive weekly inflows in five months, suggesting a renewed appetite for Bitcoin investments.
Prior to this turnaround, these ETFs faced a challenging period, with total outflows reaching around $3.8 billion over five weeks. The largest single-week withdrawal occurred at the end of January, totaling about $1.49 billion. Despite mixed daily flows this week, including inflows of $458.19 million on Monday, the trend reversed towards the week's end with $576.66 million in outflows on Thursday and Friday combined.
In addition, US spot Ether ETFs also recorded net inflows of about $23.56 million this week, marking their second consecutive week of gains. Before this rebound, these funds had seen cumulative outflows exceeding $1.38 billion across five weeks. The largest outflow for Ether ETFs occurred in late January, with $611 million in redemptions.