Bitcoin and Ethereum ETFs pull in $4.5B as BTC rebounds

U.S.-listed spot Bitcoin and Ethereum exchange-traded funds pulled in a combined more than 4.5 billion in net inflows last week, reversing a stretch of outflows and coinciding with a sharp rally in Bitcoin that pushed the token back above 120,000 and near its August record. The surge in ETF demand has intensified investor attention on how fund flows may affect supply and price dynamics in the weeks ahead.

Data compiled by market trackers showed spot Bitcoin ETFs attracted about 3.24 billion in net inflows over the week, their second-largest weekly total since the funds launched in January 2024. Spot Ethereum ETFs recovered as well, drawing roughly 1.29 billion. BlackRock’s iShares Bitcoin Trust was the largest single beneficiary, taking in about 1.8 billion and boosting its assets under management to roughly 96 billion. Fidelity’s FBTC captured about 692 million of the week’s Bitcoin flows. On the Ethereum side, BlackRock’s ETHA and Fidelity’s FETH were major recipients, together accounting for a substantial share of the inflows.

The rebound followed several days earlier in the period when combined Bitcoin and Ethereum ETFs recorded more than 1 billion in net inflows on a single...