U.S. Spot Bitcoin ETF products have recorded over a whopping $3 billion worth of weekly inflows this Saturday, marking their first-ever consecutive weekly inflows
U.S. spot Bitcoin (BTC) ETF products clocked in this Saturday with a whopping over $3 billion in weekly inflows, marking their first-ever consecutive weekly inflows after nearly 5 weeks of market turmoil.
Broader crypto market trends have taken a severe hit over the past month, given Donald Trump's tariff flip-flopping. In response, risk assets encountered severe investor uncertainty, as institutions exercised caution alongside global markets. This cautious approach pushed the U.S. spot BTC exchange-traded products to react negatively before finally encountering hope in recent days.
However, broader scenario remains bullish across the crypto market at the moment, rationalizing the robust inflows. Bitcoin price climbed nearly 11% this week, closing in at the $94K level. This rising price action appears to have kicked off a positive sentiment for other altcoins and Bitcoin ETF products as well. While ETH, XRP, and SOL prices gained nearly 2%, CoinGape reported that BTC ETF products clocked in inflows worth $381 million in just a day recently.
The U.S. spot BTC exchange-traded products clocked in with total net assets of $109.27 billion, covering 5/80% of the flagship crypto's market cap. This statistic further underscores the ETPs' massive influence over the coin's market.
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