Institutional Interest Grows as Bitcoin ETFs Hit New Inflow Milestone

It was the strongest weekly inflow since November 2024, according to data from Farside Investors, marking six straight days of positive momentum for Bitcoin investment products.

Leading the charge were BlackRock’s IBIT and Fidelity’s FBTC, which together captured 92% of Friday’s total inflows. IBIT alone brought in $240 million, while FBTC followed with $108 million. With this rally, total assets under management for spot Bitcoin ETFs have climbed to nearly $110 billion, with IBIT now holding close to 3% of all Bitcoin in circulation.

BlackRock’s Jay Jacobs told CNBC that in times of rising global uncertainty, assets like Bitcoin and gold are becoming increasingly attractive to investors looking for alternative stores of value.

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Bitcoin’s own recovery—from April lows around $75,000 to about $95,000—has helped fuel the surge in institutional interest, even though prices slipped slightly over the past 24 hours.

Ethereum ETFs also finally broke a long losing streak. After eight consecutive weeks of net outflows, U.S.-listed spot Ethereum funds posted $157 million in inflows last week.

Despite the rebound, these funds still control far less value compared to earlier in the year, partly reflecting ETH’s broader price weakness. Ethereum is currently trading near $1,800, with BlackRock’s ETHA fund holding around 1% of total ETH supply.

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