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▲ Bitcoin Spot ETF
US Bitcoin (BTC) spot ETFs attracted $532 million in funds on Monday alone this week, raising expectations for a recovery in the cryptocurrency investment product market. BlackRock's IBIT led the inflows with $335 million, and Fidelity's FBTC attracted $184 million.
NewsBTC reported on May 6 that digital asset investment products recorded a net inflow of $118 million last week, continuing a positive trend for five consecutive weeks. However, the weekly trend was not smooth. Approximately $620 million flowed out of cryptocurrency exchange-traded products from Monday to Thursday, but $737 million flowed in on Friday alone, reversing the weekly trend to a net inflow.
James Butterfill, Head of Research at CoinShares, assessed that the scale of Friday's inflows was among the most significant for a single trading day in 2026. Butterfill stated that this trend reflects a "sharp improvement in risk appetite." Total assets under management remained at around $155 billion.
The cumulative inflow over the past five weeks reached $4 billion. This is the longest and largest inflow streak this year, surpassing the previous high of approximately $3 billion recorded in March. The cryptocurrency fund market maintained a weekly positive trend with strong buying on Friday, despite experiencing large outflows during the week.
Bitcoin investment products recorded $192 million in inflows last week. The cumulative inflows for this year totaled $4.2 billion. However, considering that the average inflow over the past three weeks was approximately $1 billion, the intensity of Bitcoin inflows slowed last week. Bitcoin short products also saw an inflow of $6 million.
Ethereum (ETH) showed a different trend. Ethereum investment products saw $81 million flow out, ending a three-week consecutive inflow streak. Over the previous three weeks, Ethereum investment products attracted over $190 million each week, but investor sentiment clearly cooled last week.
According to the CoinShares report, the number of assets experiencing inflows decreased from nine to four. This suggests that investor interest waned during the week but recovered for some assets on Friday. Regionally, the US recorded inflows of approximately $48 million, a significant decrease compared to $1.1 billion in the previous week. Germany added $43.8 million, and Canada added $16 million.
The increased Bitcoin ETF inflows on Monday coincided with Bitcoin surpassing the $80,000 mark again for the first time in about three months. The same funds experienced outflows of $490 million in the previous week, but Monday's inflows continued a positive trend for three consecutive trading days. Last week's turnaround to positive was largely driven by Friday's single-day inflows, and the cryptocurrency investment product market continued its recovery amid concentrated fund flows into certain assets.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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