The post Bitcoin ETFs Continue Positive Run, Pulling in $1.8 Billion Last Week appeared on BitcoinEthereumNews.com.

U.S.-based Bitcoin ETFs attracted over $1.8 billion in inflows last week, extending a positive run that began on April 17, according to data from CoinGlass. Thursday and Friday were particularly successful for Bitcoin ETFs, with the two days bringing in $423 million and $675 million, respectively. Friday’s total was the seventh-highest of the year, while data from CoinShares shows that BTC ETF inflows outstripped their Ethereum counterparts by a factor of more than 10:1. CoinShares’ Digital Asset Fund Flows report also records that BlackRock’s iShares ETF was last week’s big winner, with a total of $2.56 billion in net flows. By contrast, several rivals suffered big weekly outflows, led by the Ark 21Shares Bitcoin ETF, which shrank by $458 million. Strong flows for Bitcoin ETFs have come at a time when gold ETFs have been seeing outflows, as investors increasingly turn to Bitcoin as a hedge against U.S.-based assets. Between April 28 and May 2, gold ETFs saw a total outflow of $1,941 billion. This amounts to a $3.7 billion gap between flows for Bitcoin and gold ETFs, similar to the $4 billion gap witnessed in the previous week. Flows “back in a big way” Speaking on a panel at Token2049 Dubai last week, BlackRock’s Robert Mitchnick said that Bitcoin ETF flows “are back in a big way.” Mitchnick added that institutions and advisory firms are accounting for an increasingly large share of total BTC ETF flows, whereas high-net-worth individuals were more predominant when ETFs first launched. At the outset, it certainly was predominantly retail,” he said. “But then you also have the two other segments that are really important here, which is wealth advisory and institutional.” BlackRock’s Head of Digital Assets also suggested that the attraction of Bitcoin ETFs was tied to how BTC has been increasingly behaving like…

---

Filed under: News - @ May 6, 2025 12:26 am