U.S. spot Bitcoin exchange-traded funds (ETFs) extended their tenth consecutive day of net inflows on Thursday, the longest positive streak since December 2024.
Spot Bitcoin ETFs Record Net Inflows for 10th Day in a Row, Signaling Steady Demand
The continued inflows suggest institutional investors remain interested in Bitcoin despite a broader market slowdown. “This suggests that there is still demand for Bitcoin in the market, even though institutions are not taking aggressive risk,” said Min Jung, an analyst at Presto Research.
Spot Bitcoin ETFs saw net inflows totaling $89 million on Thursday, according to SoSoValue data. A breakdown of key fund movements includes:
- Fidelity’s FBTC led inflows, adding $97.14 million.
- BlackRock’s IBIT: Sees nearly $4 million in new inflows.
- Invesco’s BTCO: experienced a $7 million outflow.
- WisdomTree’s BTCW: Sees $5 million outflow.
Over the past 10 trading days, spot Bitcoin ETFs have seen net inflows of $1.06 billion, but Jung noted that the pace was relatively modest compared to previous increases. Notably, this amount remains smaller than the single-day inflow recorded on Jan. 17.
Market Sensitivity and Tariff Uncertainty
Crypto and equity markets have faced increased volatility in recent weeks after former US President Donald Trump announced new tariffs on foreign imports. While confidence has returned to some investors, lingering uncertainty around trade policies continues to weigh on market sentiment.
Bitcoin and Ethereum ETF Flows: Different Investor Sentiment
A key trend emerging in the ETF space is the stark contrast between Bitcoin and Ethereum investment flows. While Bitcoin ETFs have maintained steady inflows, spot Ethereum ETFs have seen net outflows on all but two days since February 20.
“This contrast highlights a clear difference in investor sentiment between Bitcoin and Ethereum,” Jung said, signaling stronger institutional confidence in Bitcoin compared to Ethereum.
*This is not investment advice.