Spot Bitcoin ETFs See Renewed Investor Demand Amid Market Rally
Spot Bitcoin exchange-traded funds (ETFs) have attracted significant investor interest this week, accumulating over $1.7 billion in net inflows as of Thursday. This marks the highest weekly inflow for these ETFs in nearly two months, underscoring a resurgence of confidence in Bitcoin-related investment vehicles.
Data from SoSoValue revealed that Wednesday alone saw inflows approaching $800 million, contributing to the overall strong performance. The inflows coincided with Bitcoin’s price appreciating by 4.5% over the week, reaching $115,000 from $110,000 the previous Friday.
Spot Ether ETFs Bounce Back Following Last Week’s Outflows
Spot Ether ETFs also experienced a notable recovery after suffering nearly $800 million in outflows last week. As of Thursday, these ETFs recorded more than $230 million in net inflows, signaling renewed investor appetite for Ether-based products.
Institutional activity in Ether remains robust, with corporate treasury holder BitMine further expanding its holdings. On Monday, BitMine purchased 202,500 ETH, pushing its total to over 2 million ETH—valued at approximately $9.3 billion at current prices. A subsequent purchase on Wednesday involved a $200 million acquisition from Bitgo.
According to the Strategic ETH Reserve tracker, companies holding ETH reserves collectively own nearly 5 million ETH, worth about $22.1 billion. Additionally, Ether-backed ETF issuers hold 6.6 million ETH, valued close to $30 billion. Combined, institutions control nearly 12 million ETH, representing roughly 10% of the circulating supply.
Crypto Market Cap Surpasses $4.1 Trillion
The broader cryptocurrency market capitalization has again exceeded $4.1 trillion, a milestone previously reached during July and August. Binance co-founder Changpeng Zhao highlighted this achievement on social media platform X, noting that the entire crypto market’s value remains slightly below that of semiconductor giant Nvidia, which stands near $4.3 trillion.
“The combined market cap of all future money is less than one chip company’s market cap. You do the math,” Zhao commented, emphasizing the potential growth trajectory for digital assets.
FinOracleAI — Market View
The strong inflows into spot Bitcoin and Ether ETFs reflect growing institutional and retail investor confidence amid rising cryptocurrency prices. This demand supports price momentum and may attract further capital into regulated crypto investment products. However, the market remains sensitive to macroeconomic factors and regulatory developments that could impact ETF inflows and broader crypto valuations.
Impact: positive
