US spot Bitcoin ETFs have staged a sustained buying spree. According to reporting by CoinTelegraph, the funds logged their sixth consecutive week of net inflows, pulling in $3.4 billion from April 2 through May 8. That marks the longest stretch of weekly gains since mid-2025, signaling renewed institutional appetite for the asset class after months of choppy demand.
The momentum underscores a shift in how large capital allocators are positioning themselves in Bitcoin. The previous record run—a seven-week streak from June to July 2025—drew $7.57 billion. While the current run hasn’t matched that total, the consistency alone matters. Sustained weekly inflows suggest genuine institutional confidence rather than one-off buying sprees tied to specific events.
The Week-by-Week Breakdown
Mid-April proved to be the inflow engine. The week of April 17 generated $996.38 million, the strongest performance of the current streak. The most recent week, ending May 8, logged $622.75 million despite closing on a sour note. Thursday and Friday saw combined outflows of $423.15 million, a reminder that even sustained trends face profit-taking headwinds.
The opening week looked anemic by comparison. April 2 brought just $22.34 million in inflows, suggesting the rally needed time to build momentum. By mid-May, weekly inflows had accelerated roughly 28 times over that starting figure—a trajectory that matters for signals about institutional conviction.
Bitcoin Price Action Under Pressure
Bitcoin’s own price performance tells a more complicated story. The cryptocurrency slipped below $80,000 on Thursday as liquidation heatmaps showed heavy clustering around $78,000. A breakdown through that level risked triggering cascading liquidations, while dense short positioning between $82,000 and $83,000 kept the market in a tug-of-war, according to analysis from Bitunix.
This tension between ETF inflows and price weakness matters. It suggests that institutions are buying the dip even as retail traders and leveraged players face pressure. Spot ETF buyers typically represent longer-term allocators less vulnerable to forced liquidations.
Macro Headwinds Weigh on Confidence
Investors braced for the US April Non-Farm Payrolls report on the heels of the reporting period covered here. Consensus estimates pointed to payroll growth of just 62,000 jobs, well below the prior month’s 178,000. An earlier ADP report showing 109,000 jobs added muddied the employment picture, leaving traders uncertain about true labor market health.
On the geopolitical front, escalating tensions between the US and Iran around the Strait of Hormuz created additional uncertainty. Both sides left room for negotiations, with reports suggesting a partial understanding on maritime issues, but the risk premium remained elevated.
Ether ETFs Post Modest Rebound
Ether ETFs returned to positive territory for the week ending May 8, posting $70.49 million in inflows after the prior week saw $82.47 million in outflows. The modest recovery followed a strong three-week April run that pulled in $617.91 million combined, with peak inflows of $275.83 million during the week of April 17.
Daily swings told the real story. Thursday saw $103.52 million in outflows, nearly erasing earlier gains. Monday and Tuesday together attracted $158.86 million, while Wednesday slowed sharply to $11.57 million. Ether’s demand looks considerably more fragile than Bitcoin’s, reflecting ongoing uncertainty about Ethereum’s competitive positioning relative to layer-two solutions and other protocols.
The Bitcoin ETF inflows momentum matters less for what it says about near-term price direction than for what it signals about institutional risk appetite. Six weeks of consistent buying suggests allocators are building positions despite macro uncertainty and geopolitical tension. That’s the kind of conviction that, historically, precedes meaningful rallies once macro conditions stabilize.