Bitcoin ETF Comeback: $2.4B Week Flips Year-to-Date Flows Positive

The ETH ETFs also had a strong week, attracting nearly $700 million.

It was hard to imagine after June ended and the massive outflows recorded within the first six months of the year, but the spot BTC ETFs have managed to turn the tables and are actually well in the green now YTD.

The spot Ethereum ETFs have erased last week’s losses, and the cumulative net inflows are up to nearly $14 billion again.

BTC ETFs Back in Green YTD

As reported earlier this week, the Monday numbers set a multi-month record in terms of daily inflows as investors inserted almost $1 billion within a single trading session. Although the inflows declined by the end of the week, they were still in the green. $714.75 million entered the funds on Tuesday, another $346.98 million on Wednesday, $190.65 million on Thursday, and $134.47 million on Friday.

Consequently, this pivotal week ended with $2.39 billion in net inflows for the spot Bitcoin ETFs, pushing the cumulative total net inflows to $57.55 billion. As mentioned above, the YTD numbers have turned green, which was nearly impossible after June. At the time, investors pulled out a record $4.51 billion from the funds, which followed a painful May with $2.43 billion in net outflows. YTD, the funds were nearly $5.5 billion in the red.