Bitcoin (BTC) price has rebounded, and the US spot Bitcoin Exchange Traded Funds (ETF) attracted $3 billion in funds last week, recording the largest weekly net inflow in five months.
According to The Block on the 26th (local time), US-based spot Bitcoin ETFs recorded over $3 billion in net inflows last week. This is the highest weekly net inflow since November 2024 and the second-highest record ever. According to SoSoValue data, by Friday, BlackRock's IBIT attracted $240 million, and Fidelity's FBTC attracted $108 million, with these two funds accounting for 92% of the total Bitcoin ETF net inflows that day.
Due to these net inflows, the total assets under management of Bitcoin ETFs approached approximately $110 billion. IBIT currently holds about 2.97% of the total Bitcoin circulation and is expected to reach 3% soon. Jay Jacobs, head of BlackRock's US equity ETF division, said in an interview with CNBC, "As global uncertainty increases, assets like gold and Bitcoin will continue to rise" and "People are looking for assets that show differentiated movements." Bitcoin price has rebounded from around $75,000 and is currently trading at around $95,000, declining 1.2% in the past 24 hours. Additionally, US spot Ethereum ETFs recorded net inflows of $157 million for the first time since February, breaking an eight-week streak of net outflows. However, due to the decline in Ethereum price, the total asset value of these ETFs has decreased to less than half of its value at the beginning of the year.
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