It seems that Bitcoin spot ETFs are showing a good performance for the first time in a while. From last week to this week, they recorded net inflows for two consecutive weeks, which is reportedly the first time in the past five months. Last week saw about $787.3 million in net inflows, and this week about $568.5 million.

Before that, it was quite tough, with five consecutive weeks of net outflows, totaling around $3.8 billion in outflows. The worst was the week of January 30th, when about $1.49 billion was outflowed in just one week, indicating significant selling pressure.

Ethereum spot ETFs also seem to have experienced two consecutive weeks of net inflows. This week saw about $23.56 million, and last week about $80.46 million, marking the first consecutive inflows since early October last year. Similarly, there were five consecutive weeks of net outflows, with over $1.38 billion flowing out, so it looks like a recovery is finally underway.

Blockstream’s marketing team made an interesting point: even though Bitcoin spot ETFs have been listed for less than two years, the total net inflow has already reached an amount equivalent to about 15 years of gold ETF inflows. This shows how rapid the growth of crypto ETFs is. By the way, this was achieved while Bitcoin prices were down 46% from their peak, so continued inflows despite falling prices suggest strong demand from institutional investors.