Spot Bitcoin ETFs See Strongest Buying Streak In 9 Months

Bitcoin’s exchange-traded funds closed final week on a tough be aware — outflows hit $277 million on Thursday, adopted by one other $145 million on Friday. Yet when the mud settled, the week nonetheless resulted in optimistic territory, extending a run that has now lasted six straight weeks.

Inflows Total $3.4 Billion Since Early April

US spot Bitcoin ETFs have recorded web inflows each week since April 2, pulling in a mixed $3.4 billion over that stretch, based on data from SoSoValue.

That makes it the longest consecutive influx streak in additional than 9 months — the final time funds noticed a run this lengthy was a seven-week interval between June 13 and July 18, 2025, which drew in roughly $7.57 billion.

The present streak’s greatest week got here in mid-April. For the week of April 17, inflows reached $996 million. The most up-to-date week logged $622 million, whereas the streak’s weakest displaying was its very first — simply $22 million for the week of April 2.

Last week’s numbers advised a narrative of two halves. Monday and Tuesday alone introduced in $532 million and $467 million respectively. Then Wednesday slowed sharply to $46 million, earlier than Thursday and Friday swung into outflow territory, almost erasing what had been a powerful begin.

Macro Pressure Kept Traders On Edge

Reports from Bitunix analysts level to broader market warning forward of the US April Non-Farm Payrolls report. Consensus estimates known as for payroll progress of simply 62,000 — a steep drop from the prior studying of 178,000 — which bolstered expectations that the labor market was cooling.

An ADP report earlier within the week displaying 109,000 jobs added sophisticated that image, leaving traders unsure heading into the information launch.

Geopolitical tensions additionally weighed on sentiment. Reports point out that the US and Iran exchanged hearth close to the Strait of Hormuz, although either side had been stated to be leaving room for negotiations. A partial understanding on maritime points between the 2 nations was reportedly reached.

Bitcoin slipped under $80,000 on Thursday. Analysts flagged heavy liquidity clustering across the $78,000 stage, warning {that a} break under it might set off cascading liquidations. Dense brief positioning between $82,000 and $83,000 saved the market caught between two forces.

Ether ETFs Bounce Back After Prior Week’s Losses

Ether ETFs additionally returned to optimistic floor. For the week ending May 8, they posted a bit over $70 million in web inflows after recording $82 million in outflows the week earlier than.

The restoration adopted a powerful three-week run from April 10 to April 24, which introduced in a mixed $618 million, with the week of April 17 alone accounting for $276 million.

Featured picture from Unsplash, chart from TradingView