The American spot Bitcoin ETFs registered a third week of strong inflow when the demand of investors remained high, helped by the concerns of the trade war facilitating after the US had concluded a deal with an important partner and had indicated conversations with the Chinese president to improve ties.
According to facts From Sosovalue, the 12 Spotbitcoin ETFs brought in $ 921 million in the past week, dated from 5-9 May. In particular, these investment products have been on a strong intake run for three weeks, which yielded almost $ 5.8 billion.
Blackrock’s Ibit led the peloton again and last week only brought in more than $ 1 billion, according to Fats Side facts. It now drives a 19-day intake streak that has added more than $ 5 billion to its assets, making it the longest running streak for every place Bitcoin ETF this year.
FBTC and Ark 21Shares’ Arkb from Fidelity also brought in smaller profits, with $ 62.4 million and $ 45.6 million respectively.
However, three of the funds, namely GBTC from Grayscale, Bitwise’s Bitb, EZBC from Franklin Templeton and Hodl Vaneck, recorded a combined outflow of $ 217.4 million, which partially compensated for the general profit of the week. The remaining BTC ETFs saw zulstreams during the period.
After Friday’s inflow, the total net inflow in these investment vehicles since the launch day amounted to $ 41.16 billion, a new all time for cumulative streams.
Much of this new momentum is linked to macro developments. US President Donald Trump announced a trade agreement with the VK and promised to return rates on British cars, aluminum and steel. In exchange, the UK will open its market for more American exports such as beef, ethanol and soft drinks.
Conversations with China are also on the table again, and that is a great relief for global investors.
With geopolitical stress -standing, Bitcoin (BTC) broke again above $ 100,000 Mark and climbed to around $ 104,000 at the time of writing. It is now only a 4.5% discount on his all time from January.
Risk-on sentiment returned, with the Crypto Fear & Greed Index At 70, sturdy in the territory of ‘greed’, higher than last week’s neutral lectures.
Analysts partially attribute the rally to strong capital flows in Bitcoin ETFs in the place. According to For Cryptoquant -founder Ki Young Ju, the current meeting of Bitcoin is powered by consistent ETF inflow, in addition to rising institutional and government participation.
Despite the persistent strong demand for BTC ETFs, their Ethereum -opposite hangers, had a bearish week, with three days left versus just one day of intake recordings. The nine place Ethereum ETF funds registered a combined net flow of $ 38.15 million during the period.
