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U.S. Bitcoin spot ETFs record net inflows for two consecutive weeks, marking the first time in nearly five months
Deep Tide TechFlow News, March 8, According to Cointelegraph, the US Bitcoin spot ETF recorded approximately $568.5 million in net inflows this week, continuing the previous week’s net inflows of about $787.3 million, marking two consecutive weeks of positive inflows for the first time in nearly five months. Previously, Bitcoin spot ETFs experienced five consecutive weeks of net outflows, totaling approximately $3.8 billion, with the largest weekly outflow occurring the week of January 30, with a net outflow of about $1.49 billion.
Ethereum spot ETFs also recorded two consecutive weeks of net inflows, with about $23.56 million this week and $80.46 million last week, marking the first time since early October last year that there have been two consecutive weeks of positive inflows. Prior to that, Ethereum spot ETFs experienced five consecutive weeks of net outflows, totaling over $1.38 billion.
Additionally, Blockstream Market Director Fernando Nikolić stated on X platform that the net inflows of Bitcoin spot ETFs, which have been listed for less than two years, have already matched the total inflows of gold ETFs over approximately 15 years. This milestone occurred amid a 46% retracement from Bitcoin’s high price.