Spot Bitcoin ETFs Rocket to Best Week Since 2024 as Bulls Charge Back
Wall Street’s crypto cash grab finally pays off—for now.
After months of sideways action, spot Bitcoin ETFs just posted their strongest weekly inflows since January 2024. The surge coincides with BTC reclaiming $60K, proving even institutional investors get FOMO.
Market mechanics at work: As Bitcoin’s price stabilized post-halving, traditional finance players piled back into the easy-button ETF exposure they’ve been craving since the SEC caved. Never mind that these products bleed 0.8% in fees annually—apparently a small price to pay for avoiding actual cryptocurrency custody.
The real question: Can this momentum hold, or will the suits panic-sell at the next 10% dip like clockwork?
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This surge in ETF activity comes alongside Bitcoin’s price recovery, which saw the asset rebound from April lows NEAR $75,000 to around $95,000 — although BTC has cooled slightly in the past 24 hours, down about 1.2%.
Ethereum ETFs also showed signs of life. After enduring eight consecutive weeks of net outflows, U.S.-listed spot ETH funds finally posted a positive week with $157 million in inflows. However, because of Ethereum’s broader price decline this year, these ETFs now hold less than half the value they managed at the beginning of 2024.
ETH is currently trading near $1,800, slightly down on the day. BlackRock’s ETHA remains the largest U.S. spot Ethereum ETF but still only controls about 1% of ETH’s total supply.
