US spot Bitcoin ETFs have logged six consecutive weeks of net inflows. The run marks the longest such streak in more than nine months, since a seven-week stretch last summer pulled in $7.57 billion.
The current streak runs from early April through the week ending May 8. Total inflows across the six weeks: $3.4 billion.
Spot Bitcoin ETFs six-week inflow breakdown
The strongest week came mid-April, when spot Bitcoin ETFs drew $996.38 million for the week of April 17. The weakest showing was the week of April 2, with just $22.34 million. The most recent week logged $622.75 million, according to data from SoSoValue.
| Week Ending | Net Inflows |
|---|---|
| April 2 | $22.34 million |
| April 9 | Not disclosed |
| April 17 | $996.38 million |
| April 24 | Not disclosed |
| May 1 | Not disclosed |
| May 8 | $622.75 million |
The previous record run stretched from June 13 to July 18 last year. That seven-week period drew roughly $7.57 billion, including $2.72 billion for the week of July 11 and $2.39 billion the following week.
Late-week reversal cuts momentum
Last week ended badly. Thursday logged outflows of $277.50 million. Friday posted another $145.65 million in redemptions.
Monday and Tuesday had been strong. The week opened with $532.21 million in inflows Monday, followed by $467.35 million Tuesday. Wednesday slowed sharply to $46.33 million before the reversal hit.
The intraweek swing tracks what the rates desks have been seeing in vol ahead of macro prints. Risk-on positioning into the front half of the week, then profit-taking or hedging into the back end when the data calendar gets heavy.
Jobs data weighs on Friday session
Markets entered Friday cautiously. The US April Non-Farm Payrolls report was due, with consensus estimates pointing to payroll growth of just 62,000. That sits well below the prior reading of 178,000, reinforcing expectations of a cooling labour market.
A stronger-than-expected ADP print of 109,000 jobs earlier in the week complicated the picture. Traders were uncertain about the true state of employment heading into the release, according to analysts at Bitunix.
Bitcoin slipped below $80,000 on Thursday. Liquidation heatmaps showed heavy liquidity clustering around $78,000. A breakdown below that level could trigger cascading liquidations. Dense short positioning between $82,000 and $83,000 keeps the market in a tug-of-war, the analysts noted.
Ether ETFs return to positive territory
Ether ETFs posted $70.49 million in net inflows for the week ending May 8, flipping back to positive territory after the prior week logged $82.47 million in outflows.
The rebound follows a three-week run from April 10 to April 24, which drew in a combined $617.91 million. That stretch peaked at $275.83 million the week of April 17.
Thursday saw $103.52 million in outflows, nearly wiping out the week’s gains. Monday and Tuesday attracted $61.29 million and $97.57 million respectively, before Wednesday slowed to $11.57 million. Friday’s $3.57 million recovery left the week positive.
Next catalyst: the next round of jobless claims and CPI. That’s what breaks the range or extends it.
This article is for information purposes only and does not constitute investment advice. Readers should not act on any information contained here without first consulting an authorised financial adviser. Past performance is not a reliable indicator of future results.
