Bitcoin spot ETFs have recorded two consecutive weeks of net inflows for the first time in five months. Many people are paying attention to the market trends of cryptocurrency ETFs, and I think this shift is quite a significant turning point.

Last week saw an inflow of about $787.3 million, and this week about $568.5 million, marking two consecutive weeks of positive flow. Before that, there were five straight weeks of outflows, totaling approximately $3.8 billion, so considering the large outflow of about $1.49 billion in the week of January 30, it finally seems to have stabilized.

Ethereum spot ETFs also experienced two consecutive weeks of net inflows. This week saw about $23.56 million, and last week about $80.46 million, which is the first time since early October last year. Prior to that, there were five consecutive weeks of outflows, with over $1.38 billion leaving, so overall, the capital movement in cryptocurrency ETFs appears to be bottoming out.

It’s interesting that a marketing representative from Blockstream pointed out that Bitcoin spot ETFs have achieved a cumulative inflow equivalent to nearly 15 years of gold ETF inflows, all within less than two years of listing. Moreover, this is in an environment where Bitcoin’s price has fallen 46% from its high, indicating that institutional demand for cryptocurrency ETFs is genuine.