A weekly inflow of $2.75 billion was recorded by Bitcoin exchange-traded funds (ETFs), marking the third-largest in their history, as institutional purchasing remained highly active. Ether ETFs also posted a solid inflow of $248.31 million, registering gains for the second consecutive week.
Bitcoin ETFs See $2.75 Billion Weekly Inflow, Marking Third-Largest in History
This week, investors continued the bullish trend in inflows on a multi-billion-dollar scale. Between May 19 and May 23, Bitcoin ETFs received an impressive $2.75 billion in net inflows, marking the sixth consecutive week of positive movement and recording the third-largest weekly inflow ever for spot Bitcoin ETFs.
Investors made the largest influx of capital on Thursday, May 22, registering a single-day inflow totaling $934.74 million. Notably, the entire week saw consistent gains, with no ETFs reporting any outflows during the period.
BlackRock’s IBIT primarily drove the inflow by securing a substantial $2.43 billion, while Fidelity’s FBTC followed with $209.84 million, and ARK 21Shares’ ARKB attracted an additional $100.92 million.
Bitwise’s BITB recorded additional significant inflows of $42.30 million, Grayscale’s Bitcoin Mini Trust received $28.31 million, and VanEck’s HODL saw $31.24 million. Meanwhile, Grayscale’s GBTC experienced a weekly net outflow of $89.17 million, and investors withdrew $5.27 million from Invesco’s BTCO.
Ether ETFs participated in the broader rally as well, securing $248.31 million in net inflows, marking their second consecutive week of gains. BlackRock’s ETHA led the group with $136.41 million, followed by Fidelity’s FETH and Grayscale’s ETHE, which received $37.82 million and $43.75 million, respectively. Additionally, Bitwise’s ETHW and Grayscale’s Ether Mini Trust contributed $5.69 million and $24.64 million in inflows.
As net assets have risen and trading volumes have expanded, institutional demand for crypto ETFs has shown no signs of weakening. In fact, it appears to be gaining momentum.
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