Bitcoin ETFs continue with a positive run and enter $ 1.8 billion last week

Bitcoin ETFs, based in the US, attracted more than $ 1.8 billion in inflow last week, which extended a positive run that started on 17 April according to data from Coinglass.

Thursday and Friday were particularly successful for Bitcoin ETFs, with the two days that yield $ 423 million and $ 675 million respectively.

The total of Friday was the seventh highest of the year, while Coinshares data show that BTC ETF inflow surpasses their Ethereum Tegers with a factor more than 10: 1.

The Digital Asset Fund Flows report from Coinshares also states that BlackRock’s Ishares ETF was the big winner of last week, with a total of $ 2.56 billion in net streams.

Various rivals, on the other hand, had large weekly outsourcing, led by the Ark 21Shares Bitcoin ETF, which is shrinked with $ 458 million.

Strong streams for Bitcoin ETFs have come at a time when Gold ETFs left out, because investors are increasingly turning Bitcoin as a hedge against assets established in the US.

Between April 28 and May 2, Gold ETFs saw a total outflow of $ 1,941 billion.

This amounts to a gap between $ 3.7 billion between flows for Bitcoin and Gold ETFs, comparable to the $ 4 billion gorge that was observed last week.

Flows “back in a large way”

Robert Mitchnick van BlackRock’s said on a panel on a panel on Token2049 Dubai that BlackRock’s Bitcoin ETF flows “are back in a large way.”

Mitchnick added that institutions and consultancy firms are responsible for an ever-increasing share of the total BTC ETF flows, while people with a high net value were predominant when ETFs were first launched.

In the beginning it was certainly predominantly retail, “he said.” But then you also have the other two segments that are really important here, which is wealth advice and institutional. “

Blackrock’s head digital assets also suggested that the attraction of Bitcoin ETF’s was bound by how BTC has increasingly behaved like a safe haven, or a hedge that is not correlated with the monetary risks arising from a certain country.

This would play in the idea that BTC benefited from a flight away from American assets, with treasury revenue that has risen in recent weeks in response to the Trump administration stop crusade at rates.

And although Bitcoin benefits at the expense of US government bonds (and recently gold), it has also increased its dominance of the cryptocurrency market.

The BTC -Dominance ratio is currently at the highest level in four years, because large altcoins such as Ethereum, Solana and Dogecoin remain far below January.

The possible approval of ETFs for XRP and Dogecoin Later in the year, this imbalance can help remedy, but the recent experience of Ethereum – which already has active ETFs in the US – suggests differently.

As noted above, Bitcoin ETF flood that last week far for Ethereum ETFs, where the Coinglass report ‘Digital Asset Fund Flows demonstrated that the latter drew a relatively modest $ 149.2 million in net streams.