Spot bitcoin ETFs log nearly $1 billion in weekly inflows, highest since mid-January
U.S. spot bitcoin (BTC) exchange-traded funds have reported their largest weekly net inflows since mid-January, bringing the positive flows to a third consecutive week.
According to data from SoSoValue, spot bitcoin ETFs posted $996.4 million worth of inflows last week, the largest weekly sum since the week ended Jan. 16. Over the past three weeks, the funds have drawn in more than $1.8 billion worth of funds.
Weekly inflows were led by BlackRock's IBIT, the largest bitcoin fund in net assets, which attracted $906 million during the period. Last week also marked the first full trading week for Morgan Stanley's MSBT, which launched on April 8. MSBT logged a weekly net inflow of $71 million.
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