Spot Bitcoin ETFs See $1B Weekly Inflows, Highest Since April

BitcoinWorld Spot Bitcoin ETFs See $1B Weekly Inflows, Highest Since April U.S.

spot Bitcoin exchange-traded funds recorded approximately $1 billion in net inflows last week, marking the strongest weekly performance since April, according to data shared by Bloomberg Intelligence ETF analyst Eric Balchunas.

Context and Market Reaction The inflows were spread across multiple funds, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), both of which saw positive daily flows.

Balchunas noted on X that the uptick came shortly after a reported security incident involving a cold-storage wallet provider, which raised questions about the safety of direct cryptocurrency custody.