U.S. spot Bitcoin ETFs rebounded last week in a big way, scoring their second-highest inflow week since the funds began trading in January 2024.
The ETFs logged $3.24 billion in inflows last week, the second-highest week for inflows after the week ending Nov. 22, 2024, which saw $3.38 billion in inflows, according to SoSoValue data.
$1.8 billion worth of last week's net inflows went to BlackRock's industry-leading IBIT ETF, which holds assets worth $96.2 billion, according to the data. Fidelity's FBTC, the second-largest fund by net asset value, took in $692.0 million, around 38% as much as BlackRock's fund.
IBIT also took in the lion's share of ETF volume last week, The Block's data shows. IBIT traded several billion dollars worth of shares each day last week, whereas FBTC topped out at $715 million.
The rebound in inflows comes as BTC retests its all-time high around $124,000, achieved in August, though October is historically a strong month for the price of the world's largest cryptocurrency. The U.S. partial government shutdown may also be contributing to BTC's rally.
Ether ETFs likewise rebound
Spot Ethereum ETFs also saw significant inflows this week, with $1.3 billion, according to SoSoValue data. The rebound comes after last week, when the ETFs logged their highest weekly outflows since inception; this week marks a $2.1 billion week-over-week reversal.
Volume rebounded as well, with $12.22 billion worth of shares traded on Friday alone, around 62% of the entire prior week’s ETH ETF volume. BlackRock's industry-leading ETHA ETF made up around two-thirds of the total volume last week, according to The Block's data. ETHA scored $691.7 million in inflows last week, according to the data.
Ether is trading below its all-time high of around $4,950, with its price currently at $4,450, according to The Block's Ethereum Price page.
