Bitcoin ETFs Defy Outflows with Record-Setting Buying Spree
Despite a challenging close to the previous week marked by significant outflows, US Spot Bitcoin Exchange-Traded Funds (ETFs) have remarkably extended their positive buying streak to six consecutive weeks. This resilience underscores a persistent investor interest in Bitcoin, even amid macroeconomic uncertainties and geopolitical tensions.
Unprecedented Inflow: $3.4 Billion Since April
Since April 2, US spot Bitcoin ETFs have collectively attracted a staggering $3.4 billion in net inflows, marking their longest consecutive inflow streak in over nine months. The last comparable run occurred between June and July 2025, drawing in approximately $7.57 billion over seven weeks. While last week saw substantial outflows of $277 million on Thursday and $145 million on Friday, the week still managed to conclude in positive territory. The peak inflow for the current streak was $996 million in mid-April, with the most recent week logging $622 million, contrasting with a modest $22 million during its inaugural week in early April.
Macroeconomic Headwinds and Market Dynamics
The sustained buying interest comes against a backdrop of increasing market caution. Analysts from Bitunix highlighted widespread investor apprehension ahead of the US April Non-Farm Payrolls report, which consensus estimates projected at a sharp decline to 62,000 new jobs, down from 178,000. This data, coupled with an earlier ADP report showing 109,000 jobs added, painted a mixed picture of a cooling labor market, leading to investor uncertainty. Geopolitical factors also played a role, with reports of exchanges near the Strait of Hormuz between the US and Iran, although both sides reportedly indicated willingness for negotiations. Bitcoin’s price briefly dipped below $80,000 on Thursday, with analysts noting significant liquidity around the $78,000 mark and dense short positioning between $82,000 and $83,000, creating a volatile trading environment.
Ether ETFs Rebound After Initial Setbacks
Mirroring Bitcoin's resilience, Ether ETFs have also bounced back, posting over $70 million in net inflows for the week ending May 8. This positive turn followed a prior week where they recorded $82 million in outflows. The recovery builds on a strong three-week period from April 10 to April 24, during which Ether ETFs accumulated a combined $618 million, with $276 million flowing in during the week of April 17 alone.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
