Spot exchange traded funds tied to Bitcoin recorded $996.4 million in net inflows last week according to SoSovalue , marking the strongest weekly performance since mid-January and extending a three-week streak of positive investment activity. Over the past three weeks alone, these funds have attracted more than $1.8 billion in total inflows, reflecting renewed institutional confidence in digital assets.
Among the leading funds, BlackRock’s Bitcoin ETF, known as IBIT, accounted for the majority of the inflows, drawing approximately $906 million during the reporting period. Meanwhile, Morgan Stanley’s recently launched MSBT fund posted $71 million in net inflows during its first full trading week after debuting on April 8.
Ethereum ETF Demand Also Shows Strong Recovery
Investor appetite extended beyond Bitcoin linked funds. Spot ETFs tracking Ethereum recorded $275.8 million in weekly inflows, also representing their strongest weekly showing since mid-January.
Market participants linked the growing institutional demand to expectations of easing geopolitical tensions between the United States and Iran. However, uncertainty remains as negotiations continue ahead of the expiration of a temporary ceasefire later this week.
Geopolitical Risks and Interest Rates Remain Key Market Drivers
Recent developments, including the seizure of an Iranian cargo vessel near the Strait of Hormuz, have added fresh uncertainty to market sentiment. During the same period, Bitcoin slipped slightly by 0.25% to around $75,006, while Ethereum declined 0.6% to approximately $2,301.
Analysts note that although retail demand is gradually improving, sustained market momentum may depend on further interest rate reductions by the Federal Reserve, which continues to influence long-term capital flows into digital asset investment products.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.