U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded net inflows for six consecutive weeks, marking the longest streak of gains since August 2025.
According to SoSoValue data, this six-week streak of capital inflows began the week of April 2 and continued through Friday, totaling $3.4 billion. The strongest week occurred in mid-April, with inflows reaching $996.38 million for the week of April 17; the weakest week was the week of April 2, with only $22.34 million in inflows. The most recent week recorded $622.75 million.
This rally marks the longest streak of weekly net inflows to exceed nine months. The previous seven-week winning streak lasted from June 13, 2025, to July 18, attracting a total of approximately $7.57 billion, with $2.72 billion flowing in during the week of July 11 and another $2.39 billion the following week.
Weekly Bitcoin ETF inflows. Source: SoSoValue
It is worth noting that last week’s closing was underwhelming, with outflows of $277.5 million on Thursday and another $145.65 million on Friday. Although the week began strongly with inflows of $532.21 million on Monday and $467.35 million on Tuesday, inflows sharply declined to $46.33 million on Wednesday, followed by a reversal.
Employment data approaching; market sentiment on edge: analysts
Bitunix analysts wrote in a report shared with Cointelegraph that the market remained cautious on Friday as investors prepared for the U.S. April non-farm payrolls report, with widespread expectations of only 62,000 new jobs—significantly lower than the prior value of 178,000—further reinforcing expectations of a cooling labor market.
Analysts noted that the stronger-than-expected ADP employment data of 109,000 earlier this week added complexity and left traders uncertain about the true state of employment ahead of the release.
In terms of geopolitics, although the United States and Iran have once again engaged in hostilities near the Strait of Hormuz, both sides are still leaving room for negotiations,” Bitunix wrote, adding that reports suggest the U.S. and Iran may have reached partial agreement on certain maritime issues.
In the crypto market, Bitcoin fell below $80,000 on Thursday, with a liquidation heatmap showing concentrated liquidity near $78,000. Analysts wrote that a breach of this level could trigger a cascade of liquidations, while dense short positions between $82,000 and $83,000 have left the market in a tug-of-war.
Ethereum ETF weekly inflows amount to $70 million
Meanwhile, for the week ending May 8, Ethereum ETFs returned to net inflows, recording $70.49 million in net inflows after a net outflow of $82.47 million in the prior week. This rebound continues the strong three-week trend from April 10 to April 24, during which a total of $617.91 million was attracted, with the week ending April 17 reaching a peak of $275.83 million.
On a daily basis, Thursday saw an outflow of $103.52 million, nearly erasing all gains accumulated earlier in the week. Monday and Tuesday attracted inflows of $61.29 million and $97.57 million, respectively, before slowing to $11.57 million on Wednesday. Friday saw a modest rebound of $3.57 million, resulting in a net inflow for the week.