U.S. Spot Bitcoin ETFs Draw $924.5 Million in Weekly Inflows as Ether Funds Add $815.7 Million

U.S. spot Bitcoin exchange-traded funds drew more than $900 million of net inflows last week, while spot Ether ETFs attracted a similar amount, pointing to a broad improvement in flows across the crypto ETF market.

Trader T data published on Aug. 30 showed U.S. spot Bitcoin ETFs recorded $924.5 million of net inflows last week. Total trading volume reached $15.5 billion. Cumulative net inflows over the past two weeks totaled $2.8 billion. The latest data show inflows accelerating after a period of stagnation and occasional outflows.

BlackRock's IBIT led all issuers with $938.3 million of inflows, equivalent to about 11,845 Bitcoin. Grayscale's Bitcoin Mini Trust (BTC) drew $81.9 million, or about 1,034 Bitcoin, while Fidelity's FBTC added $62 million, or about 783 Bitcoin. MSBT also posted $25.3 million of net inflows, or about 319 Bitcoin.

U.S. spot Ether ETFs posted $815.7 million of net inflows last week. Weekly trading volume totaled $4.9 billion. While that was below Bitcoin ETF turnover, net inflows into Ether funds amounted to about 88% of the Bitcoin ETF total.

BlackRock's ETHA accounted for the largest share with $567 million of net inflows, equivalent to about 229,317 Ether. ETHA extended its run of net inflows to 10 straight trading days. BlackRock's staking product ETHB also drew $77.3 million, or about 31,300 Ether, including $42.6 million on Aug. 28 alone. On that day, spot Ether ETFs still posted $102.2 million of net inflows even as spot Bitcoin ETFs recorded net outflows.