Spot Bitcoin exchange-traded funds (ETFs) have registered their strongest week in nearly two months, attracting more than $1.7 billion in inflows before Friday’s market close, signaling renewed institutional demand for digital assets.
Data from SoSoValue shows Wednesday alone brought in nearly $800 million, pushing total weekly inflows to $1.7 billion by Thursday. The surge coincided with Bitcoin’s price recovery to $115,000 — up 4.5% from $110,000 just a week earlier — suggesting investor confidence is climbing after recent weeks of muted flows.
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Spot Bitcoin ETF daily net inflow data. Source: SoSoValue
Spot Ether ETFs bounce back after steep outflows
While Bitcoin ETFs dominated the week, spot Ether ETFs also made a strong comeback. After nearly $800 million in outflows last week, Ether funds recorded $230 million in net inflows as of Thursday.
The recovery came as BitMine, the world’s largest Ether treasury holder, expanded its position with two massive purchases — acquiring 202,500 ETH on Monday and another $200 million worth on Wednesday. The buys pushed BitMine’s holdings past 2 million ETH, worth roughly $9.3 billion at current prices.
According to the Strategic ETH Reserve, corporate treasuries collectively hold almost 5 million ETH ($22.1 billion), while ETF issuers back another 6.6 million ETH ($30 billion). In total, institutions now control close to 12 million ETH — nearly 10% of the asset’s circulating supply.
Crypto market cap rivals Nvidia
Beyond ETF flows, the broader crypto market cap once again topped $4.1 trillion this week, matching levels last reached in July and August. Binance co-founder Changpeng Zhao drew attention to the milestone on X, comparing the value of the global crypto market to Nvidia’s market cap, which currently sits at $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 remarked.