Bitcoin Spot ETF, Insane Inflows for 5 Consecutive Weeks...Is Bear Market Fear Breaking?

▲ Bitcoin Spot ETF

U.S. Bitcoin (BTC) spot ETFs attracted $532 million in funds on Monday alone this week, raising expectations for a recovery in the cryptocurrency investment product market. BlackRock's IBIT led the inflows with $335 million, and Fidelity's FBTC attracted $184 million.

NewsBTC reported on May 6 that digital asset investment products continued their positive trend for the fifth consecutive week, recording a net inflow of $118 million last week. However, the weekly trend was not smooth. Approximately $620 million flowed out of cryptocurrency exchange-traded products from Monday to Thursday, but $737 million flowed in on Friday alone, reversing the weekly trend to a net inflow.

James Butterfill, Head of Research at CoinShares, evaluated Friday's inflows as one of the highest for a single trading day in 2026. Butterfill stated that this trend reflects a "sharp improvement in risk appetite." Total assets under management remained at around $155 billion.

Cumulative inflows over the past five weeks reached $4 billion. This marks the longest and largest inflow streak this year, surpassing the previous high of approximately $3 billion recorded in March. Despite experiencing significant outflows during the week, the cryptocurrency fund market maintained a positive weekly trend thanks to strong buying on Friday.

Bitcoin investment products recorded $192 million in inflows last week. Year-to-date cumulative inflows totaled $4.2 billion. However, considering that the average inflow over the past three weeks was approximately $1 billion, the intensity of Bitcoin inflows slowed last week. Bitcoin short products also saw $6 million in inflows.

Ethereum (ETH) showed a different trend. Ethereum investment products saw $81 million flow out, ending a three-week consecutive inflow streak. While Ethereum investment products attracted over $190 million each week during the previous three weeks, investor sentiment clearly cooled last week.

According to the CoinShares report, the number of assets experiencing inflows decreased from nine to four. This implies that investor interest contracted during the week but recovered on Friday, focusing on certain assets. Regionally, the U.S. recorded inflows of approximately $48 million, a significant decrease compared to $1.1 billion in the previous week. Germany added $43.8 million, and Canada added $16 million.

The increased Bitcoin ETF inflows on Monday coincided with Bitcoin surpassing the $80,000 mark again for the first time in about three months. The same funds had experienced $490 million in outflows the previous week, but Monday's inflows continued a positive trend for three consecutive trading days. Last week's turnaround to positive was heavily influenced by Friday's single-day inflows, and the cryptocurrency investment product market continued its recovery amidst fund flows concentrated on certain assets.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*