Institutional Demand Is Back: Bitcoin and Ethereum ETF Inflows Reached 10-Month High

The funds tracking both assets recorded a perfect week of net inflows only.

In a sudden but very impactful change in investor behavior, the spot exchange-traded funds tracking the largest cryptocurrency attracted almost $2 billion in fresh funds in the past five business days alone.

The Ethereum counterparts also set a multi-month peak, gaining nearly $700 million within the same timeframe.

Spot BTC ETFs Attract $1.92B

The week started on the right foot, with almost $300 million in net inflows on Monday and another $189.30 million on Tuesday. However, investors picked up the pace on Wednesday after the US Treasury Department announced it would double the maximum size of liquidity-support buybacks for longer-dated government debt, raising them from $2 billion to at least $4 billion per operation.

This had a dramatic effect on risk-on assets like crypto and investor appetite. The spot Bitcoin ETF net inflows skyrocketed to $517 million on that day and then exceeded $606 million on Thursday, the best single-day performance since May 1. Another $307.45 million entered the funds on Friday, ending the perfect green-only week, in which the financial vehicles attracted a total of $1.92 billion.