882 Million Inflows as Bitcoin’s ETF Surge Nears Record 63 Billion
The post 882 Million Inflows as Bitcoin’s ETF Surge Nears Record 63 Billion appeared on BitcoinEthereumNews.com.
The digital asset market keeps a bullish trend with a fourth consecutive week of positive inflows, as reported by CoinShares. For the week ended May 9, digital assets saw a total of $882 million in inflows, which brings the year-to-date (YTD) total for 2024 to a stunning $6.7 billion. The vast majority of this week’s capital influx—$867 million—went directly into Bitcoin, reinforcing its dominant position in the crypto investment landscape. Ethereum, by contrast, recorded a modest $1.5 million in inflows; investor caution around the second-largest digital asset seems to be ever-present. CoinShares reports $882M in digital asset inflows last week, the fourth straight week, bringing 2024 YTD total to $6.7B. Bitcoin led with $867M, while Ethereum saw just $1.5M. U.S. crypto ETFs have now reached $62.9B in cumulative inflows. https://t.co/AHt0QEXBhN — Wu Blockchain (@WuBlockchain) May 12, 2025 This is a demand surge, especially funneled through U.S.-based spot Bitcoin exchange-traded funds (ETFs), that has sent cumulative inflows into these investment vehicles soaring. As of May 9, total cumulative inflows into U.S. crypto ETFs had reached $62.9 billion; and, by and large, the BTC part of the ETF still seems to be catching fire. (That’s despite, or perhaps in part because of, the closer-than-usual ETF approval timeline path outlook.) The total amount of Bitcoin held across U.S. spot ETFs now stands at around 1.175 million BTC. That’s just around 6,500 BTC shy of the all-time high of 1.182 million BTC held across U.S. spot ETFs. Moreover, in total inflow terms, this recent rally in the BTC price has completely offset any earlier outflows across this space. As of May 9, the total amount of $BTC held across US spot ETFs was approximately 1.175M BTC. This is just ~6.5K BTC below this metric’s ATH of 1.182M $BTC. Recent inflows have now offset earlier…
Filed under: News - @ May 13, 2025 9:28 am