U.S. Spot Bitcoin ETFs Post First Six-Week Inflow Run in Nine Months
U.S. spot bitcoin exchange-traded funds have logged net inflows for six straight weeks, the longest such run since August 2025, according to CoinDesk, citing SoSoValue data.
The inflow streak started in the week of April 2 and ran through Friday, bringing in a combined $3.4 billion. The strongest week was April 17, when net inflows hit $996.38 million. The weakest was the week of April 2, with $22.34 million. The latest week added $622.75 million.
The stretch marks the first time in more than nine months that weekly net inflows have stayed positive for six consecutive weeks. The prior record was a seven-week streak from June 13, 2025, to July 18, which drew about $7.57 billion in total, including $2.72 billion in the week of July 11 and $2.39 billion the following week.
Last week's finish was soft. ETFs saw $277.5 million of outflows on Thursday and another $145.65 million on Friday. Earlier in the week, inflows were strong at $532.21 million on Monday and $467.35 million on Tuesday, then cooled to $46.33 million on Wednesday before turning negative.
Ahead of U.S. labor data, Bitunix analysts told Cointelegraph that markets were cautious into Friday as investors positioned for the April nonfarm payrolls report. Consensus expectations centered on 62,000 new jobs, down sharply from the prior reading of 178,000, reinforcing bets that the labor market is cooling. Analysts said this week's ADP report, which came in stronger than expected at 109,000, added uncertainty about the underlying trend.
On geopolitics, Bitunix pointed to renewed U.S.-Iran tensions near the Strait of Hormuz, while noting both sides still appear to be leaving space for negotiations. The firm added that reports suggest the two countries may have reached partial agreement on certain maritime issues.
In crypto trading, bitcoin slipped below $80,000 on Thursday. A liquidation heatmap showed concentrated liquidity around $78,000; analysts said a break below that level could set off cascading liquidations. Heavy short positioning in the $82,000 to $83,000 range has kept price action locked in a standoff.
Ethereum ETF flows also turned positive. For the week ending May 8, ether ETFs posted $70.49 million of net inflows after $82.47 million of net outflows the previous week. The rebound follows a strong three-week stretch from April 10 to April 24 that attracted $617.91 million, peaking at $275.83 million in the week ending April 17.
On a daily basis, Thursday saw $103.52 million of outflows, nearly wiping out gains built earlier in the week. Monday and Tuesday recorded inflows of $61.29 million and $97.57 million, followed by $11.57 million on Wednesday. Friday added $3.57 million, leaving the week in net positive territory.
