$70M Inflows Hint at Stabilizing Investor Sentiment
Spot Bitcoin exchange-traded funds (ETFs) have finally broken a four-week outflow streak, closing the latest weekly session with around $70 million in net inflows. The shift marks the first sign of renewed confidence after nearly a month of heavy withdrawals that removed more than $4.3 billion from the market.
ETF Flows Show First Signs of Recovery
Daily data showed that Bitcoin funds added $71 million in inflows on Friday, bringing cumulative inflows since launch to nearly $57.7 billion. Total assets across spot Bitcoin ETFs now stand near $119.4 billion, representing about 6.5% of Bitcoin’s market capitalization.
A move back into positive territory suggests investors may be reassessing downside expectations.
While the day saw outflows of $113.7 million from one major fund, strong inflows into competitors offset the decline. Fidelity’s FBTC attracted $77.5 million, while ARK 21Shares’ ARKB pulled in $88 million, helping lift sector-wide numbers.
Spot Ether ETFs Also Return to Positive Flows
Ether ETFs posted a notable rebound as well, adding $312.6 million in weekly inflows after three consecutive weeks of withdrawals totaling nearly $1.74 billion. Friday alone brought in $76.6 million, pushing cumulative inflows to $12.94 billion.
Total assets across U.S. spot Ether ETFs now hover around $19.15 billion, or roughly 5.2% of Ether’s market value.
BitXJournal Market observers note that Bitcoin may be nearing a short-term bottom, with weekly RSI levels approaching oversold territory and large holders reopening long positions.
Analysts argue that current prices may undervalue improving macro conditions, increasing the probability of a relief rally toward the six-figure range.
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.