Spot Bitcoin ETFs Experience First Weekly Inflow After Five Weeks of Outflows
- Spot Bitcoin ETFs saw net inflows of $787.31 million, marking the first positive week after five weeks of outflows.
- The inflow was driven by three consecutive days of positive flows midweek.
- Despite the weekly gain, February closed with a total net outflow of $206.52 million for Spot Bitcoin ETFs.
- Since January, Spot Bitcoin ETFs have experienced $6.5 billion in net outflows against $55 billion attracted since their inception.
- Spot Ethereum ETFs also recorded a net inflow of $80.46 million, ending a potential six-week streak of outflows.
The recent inflows into both Bitcoin and Ethereum ETFs suggest a renewed institutional interest following several weeks of withdrawals, indicating potential stabilization in crypto ETF sentiment.
Despite the strong weekly performance for Spot Bitcoin ETFs with $787 million in inflows, the monthly figures remained negative due to earlier withdrawals totaling $206 million in February.(Source)
