Weekly inflows into US Bitcoin ETFs dip 40% amid stagflation worries
The post Weekly inflows into US Bitcoin ETFs dip 40% amid stagflation worries appeared on BitcoinEthereumNews.com.
U.S. spot Bitcoin ETFs saw a noticeable slowdown in inflows last week, mostly because investors got spooked by weak U.S. economic data and Trump’s new tariffs, which raised fresh worries about stagflation. According to data from SoSoValue, Bitcoin ETFs brought in $1.81 billion over the past week, which was a little over 40% less than the $3.06 billion they recorded the week before. Net inflows into BTC ETFs observed over the last week | Source: SoSoValue Most of last week’s inflows went into BlackRock’s IBIT, which attracted a massive $2.48 billion. Meanwhile, funds like Grayscale’s BTC, VanEck’s HODL, and Invesco’s BTCO saw smaller inflows. However, not all funds had a good week. ARK’s ARKB recorded outflows of $457.6 million, while Fidelity’s FBTC lost $201.1 million. Even Grayscale’s GBTC and Bitwise’s BITB recorded net redemptions. The other ETFs stayed mostly flat. Despite the slower pace last week, April was still a strong month overall, with nearly $3 billion flowing into Bitcoin ETFs. This was a sharp turnaround after two back-to-back months of outflows that had drained over $4.3 billion, signaling renewed demand from institutional investors. Ethereum ETFs exhibited a similar trend, with net inflows dropping to $106.75 million last week from $157 million the week before. What really shook markets was the disappointing U.S. economic data. The April ADP jobs report came in far below expectations, marking the weakest result since July 2024. On top of that, the first estimate for Q1 GDP turned negative, despite earlier positive forecasts. A big factor was the surge in imports as businesses rushed to stock up before President Donald Trump’s fresh round of tariffs fully kicked in, adding more pressure on the economy. These tariff worries have added to growing fears of stagflation, a mix of weak growth and stubborn inflation, making investors unsure…
Filed under: News - @ May 5, 2025 8:28 am