Capital Inflows Return Following Heavy Outflows from Bitcoin Spot ETF

In the past five months, the withdrawal situation has started to change. This is an important sign that investors’ roles are shifting for the US Bitcoin spot ETF.

Return from heavy withdrawal days

According to Odaily Star Planet Daily, the US Bitcoin spot ETF recorded an inflow of approximately $568.5 million this week. This is a positive sign, as last week also saw an inflow of $787.3 million. It means that for the first time in five months, there have been two consecutive weeks of positive capital inflows.

The previous situation was quite different. Continuous heavy withdrawals were observed for five weeks from the end of January. The total withdrawal amount reached nearly $38 billion. In the last week of January, the largest weekly withdrawal was about $14.9 billion.

Ethereum ETF also shows a similar pattern

Ethereum spot ETF is also following a similar path to Bitcoin. This week, about $2,356 in capital inflow was seen in the Ethereum ETF, compared to $8,046 last week. Since early October, this is the first time Ethereum ETF has shown two consecutive weeks of positive inflow.

In the case of Ethereum, the withdrawal period was also quite long. Continuous capital withdrawals continued for five weeks, totaling over $1.38 billion.

Bitcoin rapidly expanding compared to gold ETFs

A notable comparison was shared by Fernando Nicolich, Marketing Director at Blockstream, on the X platform. According to him, less than two years have passed since the launch of the Bitcoin spot ETF, but the total capital flowing into it has matched the total inflow of gold ETFs over 15 years. This milestone occurred even as Bitcoin’s price fell by 46%.

This figure reflects market confidence in the Bitcoin spot ETF and the growing interest of institutional investors. Even after passing through a phase of heavy withdrawals, the ability to attract new capital sets Bitcoin apart from other traditional investment instruments.