U.S. Spot Bitcoin, Ether ETFs Post Biggest Weekly Inflows Since Mid-January

Bloomingbit Newsroom

Summary

U.S. spot Bitcoin ETFs recorded net inflows of $996.38 million during the April 13-17 period, the largest weekly total since mid-January.
Over the same period, U.S. spot Ether ETFs posted net inflows of $275.83 million, also the biggest since mid-January.
The latest inflows were driven by a recovery in institutional investor demand, improved risk appetite, and Bitcoin's rebound above $75,000, which helped channel more money into ETFs.

Forecast Trend Report by Period

U.S. spot Bitcoin and Ether exchange-traded funds both posted strong weekly net inflows.

SoSoValue data showed on April 19 that U.S. spot Bitcoin ETFs recorded net inflows of $996.38 million during the April 13-17 period, the largest weekly total since mid-January. U.S. spot Ether ETFs posted net inflows of $275.83 million over the same stretch, also the biggest since mid-January.

The inflows came as institutional demand recovered and appetite for risk assets improved more broadly. Bitcoin's rebound above $75,000 last week for the first time in about a month also helped drive more money into ETFs.