Bitcoin ETF experiences two consecutive weeks of net inflows, reversing a five-month $3.8 billion outflow for the first time

According to SoSoValue data, U.S. spot Bitcoin ETFs experienced approximately $568 million in net inflows this week. Combined with last week’s $787 million, this marks the first consecutive two-week positive growth for these funds in five months. Prior to this inflow cycle, U.S. spot Bitcoin ETFs had experienced five consecutive weeks of outflows, totaling about $3.8 billion.

Two-Week Inflow Data: Quantitative Reflection of a Turning Point

(Source: SoSoValue)

The two-week consecutive inflow indicates a technical reversal in capital flow, but the underlying data remains noteworthy:

Inflow last week: $787 million, confirming the trend shift observed in the first week

Inflow this week: $568 million, with some capital retracement over the weekend

Total inflow over two weeks: approximately $1.355 billion

Previous five weeks of outflows: about $3.8 billion, with the largest single-week outflow around $1.49 billion

While the total net inflow over two weeks (~$1.355 billion) has not fully offset the previous capital deficit, the change in flow direction is regarded by the market as an important signal of renewed institutional confidence.

Daily Capital Movements This Week: Strong Start, Retracement at Weekend

This week, Bitcoin ETF daily capital flows showed a clear pattern of “strong at the start, weaker at the weekend.” On Monday, $458 million flowed in, and on Wednesday, $462 million, indicating concentrated institutional buying mid-month. However, Thursday and Friday recorded net outflows of $228 million and $349 million respectively, as some holders took profits after a brief market rebound, ending the previous streak of inflows.

U.S. spot Ethereum ETFs also recorded a second consecutive week of net inflows. This week’s net inflow was about $23.56 million, compared to $80.46 million last week. This is the first time since early October last year that Ethereum ETFs have experienced two consecutive weeks of positive growth. Previously, Ethereum ETFs faced five weeks of continuous outflows, with total outflows exceeding $1.38 billion, and the largest weekly outflow was $611 million as of the week ending January 23.

Historical Comparison of Gold ETFs: Bitcoin ETF Catching Up to 15 Years in 2 Years

Blockstream Marketing Director Fernando Nikolić posted on X that although gold has over 15 years of early market advantage in ETFs, Bitcoin ETFs have reached about 15 years’ worth of cumulative capital inflows in less than two years. Nikolić emphasized that this milestone was achieved despite Bitcoin’s price dropping 46% from its peak and several months of weak market performance, demonstrating strong institutional demand and resilience.

Frequently Asked Questions

What is the significance of two consecutive weeks of Bitcoin ETF inflows?

This is the first time in five months that U.S. spot Bitcoin ETFs have experienced two consecutive weeks of net positive inflows, after five weeks of cumulative outflows totaling about $3.8 billion. The two-week inflow confirms a preliminary shift in capital flow trend at a technical level, but the total of approximately $1.355 billion still has not fully offset the previous capital deficit.

Why did Bitcoin ETF experience a reversal from outflows to inflows over the weekend this week?

On Thursday and Friday, Bitcoin ETFs recorded net outflows of $228 million and $349 million respectively, ending the early-week streak of inflows. This typically reflects profit-taking behavior after a brief market rally or routine risk reduction by institutional investors before the weekend.

What does the comparison between two years for Bitcoin ETF and fifteen years for Gold ETF indicate?

This comparison, highlighted by Blockstream’s Fernando Nikolić, underscores the rapid acceptance of Bitcoin by institutional markets. While gold ETFs took 15 years to accumulate similar levels of capital inflow, Bitcoin ETFs achieved this in less than two years, even amid a 46% decline from their peak, indicating strong institutional willingness for long-term allocation to Bitcoin.