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Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish

Spot Bitcoin ETFs recorded nearly $3.3 billion in net inflows last week amid "debasement trade," turning Bloomberg analysts more bullish.
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Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish

Highlights

  • Spot Bitcoin ETFs record 2nd largest weekly inflows ever of $3.3 billion.
  • BTC price hit a new all-time high of $125.69K amid the "debasement trade."
  • Bloomberg ETF analyst Eric Balchunas and James Seyffart are more bullish on Bitcoin.

Spot Bitcoin ETFs saw nearly $3.3 billion in net inflows last week, the 2nd largest inflows in a week. Massive buying by institutional investors was the primary reason BTC price hit a new all-time high of $125.69K amid the “debasement trade,” claims Bloomberg analysts.

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Spot Bitcoin ETFs Saw $3.3 Billion in Weekly Inflows

As investors turned towards safe-haven assets amid the U.S. government shutdown, spot Bitcoin ETFs are recording massive inflows. Notably, Bitcoin ETFs in the United States saw $3.3 billion last week amid this “debasement trade” as the US dollar weakens.

ETF experts Bloomberg’s Eric Balchunas and The ETF Institute’s Nate Geraci highlighted massive inflows into spot Bitcoin ETFs. Geraci quoted the 2nd best inflow week ever as “ridiculous numbers” as net inflows since launching reached over $60 billion.

Eric Balchunas said, “Bitcoin hit ATHs after the ETFs went wild last week with $3.3 billion in a week.” He added that inflows into BlackRock’s IBIT and ETHA have now surpassed $10 billion in a month, ranking 3rd and 4th overall.

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Bloomberg Analysts More Bullish on Bitcoin

The most bullish aspect of BTC price’s new ATH is that it was driven by spot ETF buying rather than treasury companies or perpetual degens. Macro portfolio managers and funds are now viewing Bitcoin as a rotation from commodities and small caps.

Bloomberg ETF analyst James Seyffart confirmed holdings in some Bitcoin ETFs and Ethereum ETFs, along with other ETFs. He added that spot Bitcoin ETFs will continue to outperform spot Ethereum ETFs as long as they are positive on a net basis.

Spot Bitcoin ETFs Inflows. Source: James Seyffart

Eric Balchunas claimed Bitcoin has more stable holders now, despite more frequent BTC buying pauses from Michael Saylor’s Strategy. “So more grind up, no god candles but less volatility. The asset class is maturing into an alternative,” he claimed.

BTC price is trading at $123,952 at the time of writing, up 11% in a week. In the last 24 hours, Bitcoin hit a new ATH of $125,559 from an intraday low of $122,459. Trading volume jumped over 65% over the last 24 hours, indicating massive interest among traders.

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Varinder Singh

Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 5000 news articles and papers.

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