Bitcoin ETF Sees Renewed Inflow...Reversal with 6 Consecutive Weeks of Inflows After 9 Months

▲ Bitcoin (BTC)

US Bitcoin (BTC) spot Exchange Traded Funds (ETFs) recorded their longest weekly net inflow streak in 9 months. Bitcoin spot ETFs have shown signs of renewed institutional demand, continuing net inflows for six consecutive weeks recently.

Citing data from SoSoValue on May 9, Cointelegraph reported that US Bitcoin spot ETFs recorded net inflows for six consecutive weeks, from the week of April 2 until last Friday. The cumulative net inflow during this period was tallied at $3.4 billion. The strongest weekly inflow was in the week of April 17, with a net inflow of $996.38 million. Even in the weakest week, April 2, a net inflow of $22.34 million was maintained. The most recent weekly net inflow was $622.75 million.

This six-week consecutive net inflow is the longest streak in approximately 9 months since August 2025. Previously, during the seven-week consecutive net inflow period from June 13 to July 18, 2025, approximately $7.57 billion flowed in. At that time, $2.72 billion came in during the week of July 11, and $2.39 billion in the following week.

However, the recent weekly trend faltered at the end. Last week, Monday and Tuesday saw strong starts with inflows of $532.21 million and $467.35 million, respectively. Net inflows decreased to $46.33 million on Wednesday, and net outflows of $277.50 million and $145.65 million occurred on Thursday and Friday, respectively.

Bitunix analysts explained that investors showed caution ahead of the release of the US April non-farm payroll report. Market consensus anticipated a non-farm payroll increase of 62,000, significantly lower than the previous figure of 178,000. However, the ADP employment report, released in the same week, showed an increase of 109,000, complicating the assessment of the job market.

Bitunix also mentioned geopolitical variables and technical trends in the cryptocurrency market. They stated that the US and Iran clashed again near the Strait of Hormuz, but both sides left room for negotiation. In the cryptocurrency market, Bitcoin fell below $80,000 on Thursday, and liquidity was concentrated around $78,000 on the liquidation heatmap. They analyzed that if this level breaks, a cascade of liquidations could occur, and short positions clustered between $82,000 and $83,000 are keeping the market in a tight tug-of-war.

Meanwhile, Ethereum (ETH) spot ETFs also turned positive, recording a net inflow of $70.49 million in the week ending May 8. In the previous week, there was a net outflow of $82.47 million. Ethereum spot ETFs attracted a total of $617.91 million over three weeks from April 10 to April 24, peaking with a net inflow of $275.83 million in the week of April 17. In the most recent week, $61.29 million and $97.57 million flowed in on Monday and Tuesday, respectively, but a net outflow of $103.52 million occurred on Thursday, and a $3.57 million inflow on Friday helped maintain a weekly net inflow.

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