Bitcoin ETFs Attract Over $3 Billion in a Week, Second Biggest Inflow Ever
The appetite for Bitcoin remains strong. Amidst the market recovery, Bitcoin Spot ETFs in the US gathered over $3 billion last week, marking their best performance since November 2024 and the second largest inflow ever recorded. Digital gold is once again attracting capital.
BlackRock and Fidelity: The Machine is Set in Motion
The phenomenon is clear: six consecutive days of positive flows, dominated solely by BlackRock and Fidelity. Together, they account for 92% of the latest day’s inflows: $240 million for BlackRock’s IBIT and $108 million for Fidelity’s FBTC. BlackRock is even approaching ownership of 3% of the entire Bitcoin supply, a strategic position that does not go unnoticed in the markets.
BLACKROCK IS ACCUMULATING
THEY NOW HOLD 2.77% OF THE ENTIRE BITCOIN SUPPLY
THEY BOUGHT $1.2 BILLION OF $BTC THIS WEEK
In a context of global instability, ‘assets like gold and Bitcoin should continue their ascent’, said Jay Jacobs, Head of Equity ETFs at BlackRock. As a result, nearly $110 billion is now housed in American Bitcoin ETFs.
Ethereum Tries to Catch Up
A similar trend can be seen with Ethereum ETFs, which experienced their first week of positive flows since February. With $157 million raised, they put an end to eight long weeks of outflows. However, there is still a long way to go as their valuation remains less than half of what it was at the beginning of the year, weighed down by the persistent weakness of the ETH price.
Bitcoin Reignites the Market
The surge in flows towards the ETFs accompanies the spectacular rally of Bitcoin, which rose from $75,000 to $95,000 in just a few days. Investors, in search of alternative assets amid economic uncertainties, are once again recognizing Bitcoin as a pillar in modern portfolios.
