Bitcoin ETFs record $2.7B weekly inflow, strongest since April
Bitcoin funds have now seen six consecutive weeks of inflows
According to SoSoValue, spot Bitcoin ETFs posted their strongest weekly performance since April, recording net inflows of $2.7 billion. These funds have now seen six consecutive weeks of inflows, bringing their total net inflows since inception to $44.53 billion.
Currently, Bitcoin ETFs hold $131 billion in assets under management, equivalent to 6.24% of Bitcoin’s total market cap.
Total Spot Bitcoin ETF Net Inflows Since 2024. Source: SoSoValue
The week’s biggest gainer was BlackRock’s iShares Bitcoin ETF (IBIT), which saw $48 billion in cumulative inflows and now holds over $71 billion in assets. It is followed by Fidelity’s FBTC with $21 billion and Grayscale’s GBTC with $21.7 billion. Other major funds include those by Ark Invest, Bitwise, and VanEck.
Interestingly, the 16-month-old IBIT is now closing in on the long-established SPDR Gold Shares ETF (GLD), which has existed since 2004. GLD attracted $4.9 billion in inflows this year, bringing its total AUM to $100 billion. If this trend continues, IBIT may surpass GLD within the next few months or years.
Bitcoin vs. Gold: The ETF Race
Despite gold ETF assets under management globally rising to over $345 billion due to higher gold prices (according to the World Gold Council), analysts believe Bitcoin ETFs could eventually surpass their gold counterparts.
Bitcoin continues to benefit from a favorable supply-demand dynamic: institutional demand via ETFs and corporations is increasing, while exchange supply is declining and mining difficulty is rising.
As of writing, Bitcoin was trading around $108,970, showing a 0.01% increase in the past 24 hours and a 5.6% rise over the past week, according to CoinMarketCap.
As we wrote, Bloomberg predicts mass approval of crypto-ETFs in 2025
