Bitcoin ETFs Recorded a Second Consecutive Week of Inflows

Bitcoin ETFs wrapped up their second consecutive week of net inflows, adding $196.48 million despite a sharp Friday outflow. Blackrock’s IBIT and Fidelity’s FBTC led the charge

Bitcoin ETFs are heating up as the IIP (IPV) price index increased by 0.64% over the past week, marking the second consecutive week of net inflows for bitcoin ETFs. The total value of bitcoin ETFs rose by $196.48 million.

However, the bulk of the weekly gains were wiped out on Friday, March 28, when bitcoin ETFs experienced a sharp outflow of $93.16 million. Despite this setback, bitcoin ETFs managed to secure their second straight week of net inflows.

The highlight of the week came on Wednesday, March 26, when bitcoin ETFs saw their biggest single-day inflow of $89.57 million, signaling continued institutional interest.

Blackrock’s IBIT dominated the week with a $171.95 million inflow, followed by Fidelity’s FBTC, which added $86.84 million. Vaneck’s HODL contributed a modest $5 million.

However, not all funds shared in the gains. Ark 21shares’ ARKB saw the largest weekly outflow at $40.97 million, while Wisdomtree’s BTCW, Bitwise’s BITB, and Invesco’s BTCO lost $10.22 million, $9.15 million, and $6.95 million, respectively.

On the other hand, ether ETFs continued their struggle, marking their fifth consecutive week of outflows. Investors pulled $8.64 million over the week, with the most significant outflow occurring on Wednesday ($5.89 million).

Grayscale’s Mini ETH Trust led the losses with a $6.66 million exit, followed by Fidelity’s FETH ($3 million), Vaneck’s ETHV ($2.21 million), and Invesco’s QETH ($1.45 million). The lone bright spot was Grayscale’s ETHE, which bucked the trend with a $4.68 million inflow.