 
 
Spot Bitcoin ETFs saw the second-largest weekly inflow since approvals were granted in the United States last year. Total inflows hit $3.2 billion with massive institutional demand fueled by macro and industry factors. Other institutional crypto products also marked bullish gains, leading to a price growth.
Spot Bitcoin ETFs Boost Asset Price
Last week, spot Bitcoin ETFs saw $3.2 billion inflows, bolstering the asset’s price up to $125.6k, a new all-time high. The leading crypto’s price action continues upwards after a string of positive events backed by on-chain trends. The last seven days marked high-end institutional demand, taking the asset up 10.7% while monthly volumes increased 12%.
At the time of writing, the market cap crossed the $2.47 trillion mark, driving up the wider market above $4.2 trillion. Bitcoin ETFs have become a major institutional window for traditional investors to increase market exposure. Since approval in the United States, more firms have bought these offerings in a bid to diversify portfolios and hedge holdings.
Last week’s surge was expected due to macro factors ranging from the government shutdown to declining investor confidence in the dollar. Due to the shutdown, investors turned away from safe-haven assets to cryptocurrencies. According to analysts, spot Bitcoin ETFs become the natural option with the debasement trade, which led to a weaker dollar across the week.
Bloomberg analyst Eric Balchunas described the figure as “ridiculous numbers” in a post on X as the wider community gradually reflected the likely impact inthe coming weeks. Meanwhile, James Butterfill pointed to weak employment data amid other factors.
 
“We believe this was due to a delayed response to the FOMC interest rate cut, compounded by very weak employment data, as indicated by Wednesday’s ADP Payroll release, and concerns over US government stability following the shutdown. Positive price action pushed total assets under management (AuM) to their all-time high of US$254bn.”
On a broader scale, total crypto products hit a weekly high above $5 billion, with the United States recording dominant figures. BlackRock’s IBIT and ETHA moved past the $10 billion mark in the last 30 days. The effect of these gains led to new price highs for top crypto assets and meme coins. At the moment, institutional sentiments are at fresh highs, acting as a catalyst for whale speculation.
Source: https://zycrypto.com/spot-bitcoin-etfs-record-3-2b-inflows-as-traders-eye-significant-uptick/