Bitcoin, Ethereum ETF Streak Continues With Massive Net Flows: Weekly Recap

US investors continued to pour money into spot Bitcoin ETFs after Donald Trump's victory in the presidential elections, and the streak extended to the past five trading days.

The Ethereum counterpart has also enjoyed the trend by attracting almost a billion dollars within the past week.

BTC ETFs keep the momentum going

The first 11 and now 12 spot Bitcoin ETFs have broken several records in terms of net inflows in their first year. This is especially true for IBIT BlackRock, which quickly became the largest of the group and remains a favorite among investors.

The past five trading days confirmed the recent trend that started even before the elections. On Monday, December 9, the fund attracted $489.1 million in net inflows, followed by $438.5 million on Tuesday, $223.1 million on Wednesday, $597.5 million on Thursday, and $428.9 million on Friday, completing the a strong week.

Overall, the totals for this period went up to $2,167.1 billion. Although it is lower than last week, it still means that more than $2 billion was poured into the ETFs within a few days.

IBIT led the charge for four of the trading days, with $394.1 million on Monday, $295.6 million on Tuesday, $431.6 million on Thursday, and $393 million on Friday. It saw no flows to report on Wednesday, and Fidelity's FBTC stood out with $121.9 million that day.

These substantial net inflows have had a positive impact on the price of BTC as the asset is up 3% on a weekly basis and sits near a new all-time high.

ETH ETFs are also doing well

The Ethereum ETFs have also enjoyed the last few weeks after their slow start. Their streak began even further back – on November 22 – and they have yet to see a day in the red since.

Again, they recorded impressive numbers last week, attracting $149.8 million on Monday, $305.7 million on Tuesday, $102 million on Wednesday, $273.7 million on Thursday, and $23.6 million less on Friday. The total is now $854.8 million.

Interestingly, ETH price is down to weekly level by 2.5%. The asset jumped above $4,000 the previous Friday but was unable to sustain its momentum and is now below $3,900 after a turbulent week.