Key Points
- U.S. spot Bitcoin ETFs attract $996.4 in a single week, led by BlackRock, which generated $906 million.
- Bitcoin ETFs have now recorded three consecutive weeks of positive inflows, crossing $1.8 billion.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their strongest weekly performance since mid-January. The ETF drew in nearly $1 billion in inflows, bringing the positive flows to a third consecutive week. Data from SoSoValue shows total inflows reached $996.4 last week, which is the largest weekly sum since the week ended January 16.
Over the course of the past three weeks, the cumulative investments have reached beyond $1.8 billion.
BlackRock Leads with IBIT
BlackRock led the weekly inflows with its iShares Bitcoin Trust (IBIT). IBIT, the largest Bitcoin fund in net assets, attracted $906 million during this period. Meanwhile, Morgan Stanley’s newly launched MSBT logged in weekly net inflows of $71 million. Ethereum-based spot ETFs also followed the same momentum and posted $275.8 in weekly inflows. This is the highest weekly inflow since January 16. All of these numbers made a huge impact on the ETFs market, despite the current geopolitical situation.
Market analysts suggest geopolitical developments are influencing investor behavior. According to BTSE COO, Jeff Mei, “Institutional investors believe a permanent de-escalation in tensions between the U.S. and Iran is imminent, and are increasing their long positions on bitcoin ETFs as a result.”
However, uncertainty persists as tensions in the Strait of Hormuz continue, with recent reports of a seized Iranian cargo ship making the current situation more complex. U.S. President Donald Trump announced earlier that U.S. negotiators are heading to Islamabad, Pakistan, for potential talks with Iran, while Iranian sources have reportedly denied this. The Iranian sources revealed they would not join peace talks unless the U.S. lifts its blockade of Hormuz.
Despite strong inflows, crypto prices showed limited movement. Bitcoin slipped slightly to $74k while Ethereum declined to $2,294 in the past 24 hours. BTSE’s Mei said, “This was the main factor affecting crypto inflows prior to the U.S.-Iran conflict, and will continue to weigh on sentiment in the mid- to long-run.”
