Bitcoin ETFs record $744.4 million inflows, breaking a five-week outflow streak.

BlackRock’s IBIT leads with $537.5 million inflows, Fidelity follows with $136.5 million.

U.S. spot Bitcoin exchange-traded funds (ETFs) have ended four weeks of net outflows and saw inflows of $744.4 million, the highest in eight weeks, SoSoValue data showed on Monday. The large inflows come amid signs of recovery in the crypto market.

Bitcoin ETFs saw net inflows of $744.4 million last week, the highest in nearly two months, and snapped a five-week outflow streak.

The surge in inflows comes after a volatile February, when over $5 billion was withdrawn from ETFs.

Many big investors sold their holdings because the market was unstable and the economic outlook was unclear.

Earlier this year, Bitcoin ETFs recorded record inflows, reaching $1.96 billion in mid-January and $1.76 billion the following week.

This influx helped push Bitcoin to an all-time high of $109,000 on January 20. However, a market correction later pulled BTC down to the $78,000 range.

Now, with fresh inflows, Bitcoin has bounced back to $87,343, signaling renewed investor confidence.

While Bitcoin ETFs are experiencing a strong recovery, Ethereum-based funds continue to struggle. Last week, Ether ETFs saw net outflows of $102.89 million, extending their losing streak to four weeks.

BlackRock’s iShares Ethereum Trust ETF (ETHA) was hit the hardest, recording $74 million in outflows.

However, there’s a positive note for Ethereum. BlackRock’s BUIDL fund, which focuses on tokenized real-world assets, now holds a record $1.15 billion worth of ETH, up from $990 million just a week ago. This suggests that institutional interest in Ethereum’s long-term potential remains strong.