BTC spot ETF inflows hit $3.4B in 6 weeks as volatility rises
US spot Bitcoin ETFs continue attracting net capital, extending the BTC spot ETF inflows streak to six straight weeks. Total BTC spot ETF inflows are about $3.4B, the longest positive run since last July, according to SoSoValue data. Flows started on April 2 and peaked in mid-April with nearly $1B added in a week.
In the latest week, net inflows reached $622.75M, even after notable late-week outflows of $277.5M on Thursday and $145.65M on Friday. Early-week buying stayed strong, with investors adding $999M on Monday and Tuesday, before momentum cooled midweek.
BTC price largely tracked the ETF narrative: it held above the $80,000 level, briefly neared $82,000 during surging BTC spot ETF inflows, then slipped back to around $80,800 as withdrawals appeared.
Ethereum-focused ETFs also flipped positive. For the week ending May 8, ETH ETF net inflows were $70.49M, partially reversing the prior week’s $82.47M outflows, suggesting a gradual return of attention to ETH-linked products.
Traders to watch: whether BTC spot ETF inflows stay positive into the next sessions. Persistent inflows typically support upside by absorbing exchange sell pressure, but late-week withdrawals highlight short-term volatility risk.
Bullish
BTC spot ETF inflows extending to six straight weeks and totaling about $3.4B suggests sustained institutional accumulation rather than distribution. This flow structure typically supports BTC by absorbing spot-market supply and reducing near-term sell pressure, which can help extend rallies.
However, the weekly pattern includes clear late-week withdrawals (two consecutive large outflow days). That means upside is not a straight line; traders may see pullbacks and higher intraday volatility even if the broader trend remains constructive. Short-term momentum will likely hinge on whether BTC spot ETF inflows remain net positive in the next sessions.
For ETH, the recovery to positive net inflows is supportive but described as slower than BTC’s earlier sustained demand, so it is less likely to dominate near-term risk sentiment compared with BTC’s flow impulse.