TheBlock
Spot bitcoin ETFs in the U.S. recorded their fifth consecutive day of net inflows on Wednesday, bringing cumulative flows over the streak to roughly $1.69 billion, according to SoSoValue data. The latest session posted a $46.3 million net inflow after outflows from Fidelity's FBTC and three other funds were offset by a $134.6 million day at BlackRock's IBIT. The sector is now on track to log its sixth straight week of net inflows — the longest such streak since July 2025.
Why it matters
The five-day cadence is more meaningful than any single print: institutions kept adding through a week that included a partial-day redemptions cycle, which is the kind of friction that usually breaks momentum. Nick Ruck, director of LVRG Research, framed the flow as "deepening institutional optimism in bitcoin as a strategic, long-term allocation rather than a short-term speculative trade." That language matters — strategic allocators rotate on quarterly rebalances, not on hourly candles, so the demand profile here is the slower, stickier kind.
Market impact
BTC has rebounded from roughly $62,000 in February to the $81,000–$82,000 range, up about 26% over the past three months, with the ETF bid coinciding with the broader rally. Ruck argued the flows are now "driving the ongoing bitcoin price rally" rather than riding it — a directional claim that will get tested if price stalls and the inflow streak breaks. Spot ether ETFs, meanwhile, posted their own four-day inflow run totaling $271.6 million, with $11.6 million on Wednesday, suggesting the institutional bid is broadening beyond BTC rather than crowding it.
Frequently asked questions
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How much have spot bitcoin ETFs pulled in over the five-day streak?
Roughly $1.69 billion in cumulative net inflows across the five sessions, according to SoSoValue data cited by The Block. The latest session alone printed $46.3 million net.
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How much did BlackRock's IBIT take in on Wednesday?
BlackRock's IBIT absorbed $134.6 million in net inflows on the day, more than offsetting combined outflows from Fidelity's FBTC and three other funds to produce the $46.3 million sector net.
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How does the weekly streak compare to prior cycles?
The sector is on track for a sixth consecutive week of net inflows, which would be the longest weekly inflow streak since July 2025, per the report.
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Why are analysts calling the inflows structural rather than reactive?
LVRG Research's Nick Ruck framed the flow as deepening institutional optimism in bitcoin as a strategic, long-term allocation rather than a short-term speculative trade — demand that rotates on quarterly rebalances rather than hourly price action.
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Are spot ether ETFs also seeing inflows?
Yes — spot ether ETFs posted a fourth consecutive day of net inflows on Wednesday, totaling $11.6 million for the session and $271.6 million across the four-day run.
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