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
The bullish trend in inflows was continued this week, and it was carried out on a multi-billion-dollar scale. Between May 19 and May 23, Bitcoin ETFs were credited with an impressive $2.75 billion in net inflows, marking the sixth consecutive week of positive movement and registering the third-largest weekly inflow ever recorded for spot Bitcoin ETFs.
The largest influx of capital was observed on Thursday, May 22, when a single-day inflow totaling $934.74 million was registered. Notably, the entire week was marked by consistent gains, with no outflows reported from any ETF during the period.
The inflow was primarily driven by BlackRock’s IBIT, which secured a substantial $2.43 billion, while Fidelity’s FBTC followed with $209.84 million, and ARK 21Shares’ ARKB attracted an additional $100.92 million.
Additional significant inflows were recorded by Bitwise’s BITB with $42.30 million, Grayscale’s Bitcoin Mini Trust with $28.31 million, and VanEck’s HODL with $31.24 million. Meanwhile, Grayscale’s GBTC experienced a weekly net outflow of $89.17 million, and a decline of $5.27 million was reported for 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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