Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks

US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks

Cryptobriefing2024/05/25 20:50
By:Vivian Nguyen

Investors have poured around $2 billion into US spot Bitcoin exchange-traded funds (ETFs) over the past two weeks, according to data from Farside. These funds also recorded a tenth consecutive day of net inflows.

This week alone, US spot Bitcoin ETFs saw over $1 billion in inflows, with Thursday recording the largest daily inflow of around $305 million.

BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), led the pack with nearly $720 million in weekly inflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) took the second spot with around $227 million.

 
 
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks image 0 US Spot Bitcoin ETF Inflows – May 13-24 – Farside

The order was different last week when FBTC surpassed IBIT in terms of weekly inflows. Data shows that FBTC recorded around $344 million in inflows from May 13 to 17 while IBIT saw approximately $132 million.

With over 284,525 BTC in its holdings, IBIT is just $300 million away from surpassing Grayscale Bitcoin Trust , which currently holds 289 BTC, valued at $19.9 billion. This calculation is based on Bitcoin (BTC) being worth $69,100 as of the writing, according to CoinGecko . IBIT is well on track to become the largest Bitcoin ETF .

Meanwhile, Bitcoin’s price moved in the same direction with strong ETF inflows in the last two weeks.

 

On May 24, this week’s final trading day, the price soared to $69,000, up around 13% over the past two weeks. Bitcoin is now only 6% away from its record high of $73,700, established in March.

Bitcoin had stagnated after the fourth halving, which analyst Rekt Capital pointed out as the post-halving “danger zone” characterized by heightened volatility. He noted last week, however, that the selling pressure was weakening; Bitcoin was entering a phase of accumulation .

In addition to Bitcoin ETFs, the week’s spotlight was on the SEC’s approval of spot Ethereum ETF filings . These ETFs still need S-1 form approval to begin trading, which ETF experts believe will take weeks to months. However, in essence, the approval of spot Ethereum ETFs indicates that the launch of these funds is imminent .

Positive developments prior to the approval had factored into the surge in Ethereum’s price (ETH). On Monday, ETH jumped 8% on news that approval odds were raised to 75%. Rally extended during the day with a broader market upswing. At press time, ETH is trading at around $3,700, up over 20% over the past seven days.

 
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Fed’s hawkish rate cuts unveil the illusion of liquidity: the real risks for global assets in 2025–2026

The article analyzes the current uncertainty in global economic policies, the Federal Reserve's interest rate cut decisions and market reactions, as well as the structural risks in the financial system driven by liquidity. It also explores key issues such as the AI investment boom, changes in capital expenditures, and the loss of institutional trust. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content is still undergoing iterative updates.

MarsBit2025/11/08 18:37
The Fed’s hawkish rate cuts unveil the illusion of liquidity: the real risks for global assets in 2025–2026

Bitrace's Perspectives and Outlook at Hong Kong FinTech Week

During the 9th Hong Kong FinTech Week, Bitrace CEO Isabel Shi participated in the Blockchain and Digital Assets Forum...

币追 Bitrace2025/11/08 18:13
Bitrace's Perspectives and Outlook at Hong Kong FinTech Week

20x in 3 months: Does ZEC’s “Bitcoin Silver” narrative hold up?

You bought ZEC, I bought ETH, we both have a bright future.

BlockBeats2025/11/08 18:05
20x in 3 months: Does ZEC’s “Bitcoin Silver” narrative hold up?