Daniel Walker
U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw $1.81 billion in net inflows last week, continuing a three-week streak of positive momentum, according to data from SoSoValue.
This latest surge follows the $3.06 billion inflow from the prior week, pushing the cumulative net inflows to an impressive $40.24 billion as of May 2 โ the highest level recorded since February 11.
While the enthusiasm surrounding spot Bitcoin ETFs remains high, total trading volume across 12 active funds dipped slightly to $13.23 billion last week, down from $18.76 billion the week before.
The leading product, BlackRockโs iShares Bitcoin Trust (IBIT), remains at the forefront. On Friday alone, it registered $674.91 million in net inflows, bringing its cumulative total to $43.48 billion. IBIT currently manages $59.64 billion in net assets, making it the largest spot Bitcoin ETF in the U.S.
Ivy League Investors Are Now Getting Involved
Institutional interest is also growing beyond Wall Street. Brown University recently revealed in an SEC filing that it has acquired nearly $5 million worth of IBIT shares, marking a significant step for higher education endowments into the crypto ETF space.
This move underscores how prestigious academic institutions are beginning to recognize Bitcoin as a viable asset class for long-term holdings.
Ethereum ETFs Also See Positive Movement
Itโs not just Bitcoin grabbing attention. Spot Ether ETFs brought in $106.75 million in inflows last week, continuing their second consecutive week of positive performance.
Market Snapshot
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Bitcoin (BTC) is currently trading at $94,606, reflecting a 1.35% drop in the past 24 hours.
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Ethereum (ETH) is priced at $1,822, down 1.02%, according to PRIMEโs live data feed.
