US Spot Bitcoin ETFs Record $80 Million in Weekly Net Inflows

The United States’ spot Bitcoin exchange-traded funds (ETFs) have achieved a remarkable milestone. The digital asset products have recorded four consecutive days of inflows.

According to data from Sosovalue, Tuesday inflows surpassed $80 million. This reflects a remarkable performance on the crypto asset products. At press time, the digital asset trades at over $109,000, as it nears $110,000.

BlackRock Leads the Way

Notably, BlackRock’s  IBIT led the inflow with over $66.8 million, increasing its net assets. Grayscale’s GBTC  followed next, recording roughly $4.82 million. This record signifies the rise of institutional interest in spot Bitcoin ETFs.

Furthermore, Fidelity’s FBTC also saw a decent inflow of approximately $4.75 million. This followed Valkyrie’s BRRR, which reported a $3.69 million inflow. Despite the unstable price movement of Bitcoin (BTC), US spot Bitcoin EFTs have seen remarkable inflows. Earlier last week, the investment products attracted approximately $769 million in inflows.

Since the launch of US spot Bitcoin ETFs in January, the digital asset products have attracted approximately $50 billion in net inflows. Their total net value currently stands at $137.597 billion, representing 6.32% of bitcoin’s market capitalization. The historical cumulative net inflow has also surpassed $49.8 billion.

Ethereum Spot ETFs Welcome $46.63M

Ethereum spot ETFs also reported gains of $46.63 million for the same period. BlackRock’s ETHA led the way with approximately $25.29 million in inflows. Grayscale’s ETH and ETHE followed with $9.35 million and $7.78 million, respectively. Lastly, Bitwise’s ETHW reported a moderate and the lowest inflow of $4.78 million. However, Fidelity’s FETH recorded an outflow of over $652,000.

Moreover, Ethereum gas fees have more than doubled, jumping 130%, according to a CoinTab report. The spike is linked to a surge in DeFi participation and heavier smart contract deployment, with institutions playing a significant role.

Meanwhile, at the time of writing, ETH was changing hands at $2,600, representing a 2.1% increase in the last 24 hours, according to data from CoinGecko. A shift in investor sentiment, combined with consistent accumulation through ETH ETFs, may provide the momentum needed for Ether to surpass the $2,700 mark.

While BTC leads as the world’s largest crypto, a publicly traded digital asset platform dumped BTC for ETH earlier this week. The firm has become one of the largest holders of ETH among public companies.