Tuesday, January, 21, 2025

Bitcoin ETFs Post Consecutive Gains as Investor Interest Returns

Bitcoin and Ether ETFs record rare back-to-back inflows, signaling shifting investor sentiment after weeks of outflows.
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • Bitcoin ETFs log rare two-week inflows after months of outflows, signaling renewed demand. 
  • Ether ETFs post their first consecutive gains since October despite earlier heavy redemptions.
  • Bitcoin ETF inflows rival 15 years of gold ETF totals, showing strong institutional interest.

US spot Bitcoin exchange-traded funds posted two straight weeks of net inflows. The streak marks their first back-to-back gains in five months. The latest data signals a shift in investor behavior after a long period of steady withdrawals. It also highlights renewed interest during a volatile phase for digital assets.

Spot Bitcoin ETFs drew $568.45 million in net inflows this week, according to SoSoValue data. The products added $787.31 million the week before. Those gains follow a five-week stretch of outflows that totaled about $3.8 billion. The largest withdrawal occurred in the week ending Jan. 30, when outflows reached roughly $1.49 billion.

Source: SoSoValue

Ether ETFs Log Second Week of Positive Inflows

US spot Ether ETFs also reported a second week of inflows. The fund attracted $23.56 million this week. They added $80.46 million the previous week. The streak marks their first consecutive gains since early October.

Before the rebound, Ether ETFs saw five weeks of withdrawals. Those redemptions totaled more than $1.38 billion. The worst week occurred in the period ending Jan. 23, when outflows hit around $611 million. The latest flow pattern showed mixed activity, reflecting shifting investor sentiment.

Ether ETFs saw $38.69 million in inflows on Monday. They faced $10.75 million in outflows on Tuesday. Inflows rose on Wednesday, reaching $169.41 million. That momentum slowed later in the week as activity leveled off.

Also Read: US Treasury Chief Meets Bukele as El Salvador Pushes Bold Crypto Agenda

Bitcoin ETFs Match Gold’s Long-Term Inflows

Industry comments cited the level of demand for Bitcoin ETFs. Blockstream marketing director Fernando Nikolić noted on X that Bitcoin ETFs had already accumulated the level of cumulative inflows seen by gold ETFs for the last 15 years. He noted that this milestone had been achieved within a period of less than two years of market presence.

Source: X

He added that the achievement had come at a time when Bitcoin was experiencing a 46% price decline and a period of negative price movement for a few months. The achievement showed the continued interest of institutions despite the weak markets.

“Anyone still arguing about whether Bitcoin is ‘digital gold’ is wasting their breath,” he wrote. “Bitcoin isn’t trying to be gold. Bitcoin is making gold look slow.”

Also Read: Stablecoin Left Out as South Korea Prepares Corporate Crypto Investment Rules

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