US spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, recording their 10th consecutive day of net inflows as of Thursday, March 27, 2025. This marks the longest continuous inflow streak since December 2024, according to data reported by The Block.
Current Inflow Trends
Thursday’s trading session added $89 million in net inflows to US spot Bitcoin ETFs, extending a positive trend that began earlier this month. According to SoSoValue data cited by The Block, this 10-day streak has accumulated total inflows of $2.02 billion, though analysts note this figure remains “relatively modest” compared to earlier peaks in 2025.
JUST IN: 🇺🇸 US spot #Bitcoin ETFs have had 10th consecutive days of inflows 💥
BULLISH 🚀 pic.twitter.com/FMgtUlouVX
— Bitcoin Magazine (@BitcoinMagazine) March 28, 2025
Min Jung, an analyst at Presto Research, told The Block: “This suggests that while institutions are not aggressively risk-on, there is still demand for bitcoin exposure in the market.” The consistent pattern of inflows indicates sustained institutional interest in Bitcoin despite recent market volatility.
ETF Performance Breakdown
The inflow distribution across various Bitcoin ETFs reveals interesting patterns in investor preference:
- Fidelity’s FBTC led Thursday’s inflows with $97.14 million, continuing its strong performance throughout this streak
- BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, added approximately $4 million
- Invesco’s BTCO recorded outflows of nearly $7 million
- WisdomTree’s BTCW saw approximately $5 million leave the fund
This pattern shows varying investor confidence across different fund managers, with Fidelity emerging as the clear favorite during this period.
Historical Context
The current inflow streak represents a notable shift from earlier patterns in 2025. Just days prior, on March 25, the streak stood at seven consecutive days of inflows, with a cumulative inflow of $860.6 million at that point, as reported by The Block. This raised the total net inflow of spot Bitcoin funds to $36.16 billion at that time.
For perspective, The Block reported that the single-day inflow on January 17, 2025, exceeded the entire amount collected during this 10-day streak, highlighting how the current trend represents more steady, sustained interest rather than the explosive growth seen earlier in the year.
Bitcoin Price Performance
While spot Bitcoin ETFs have maintained positive inflows, Bitcoin’s price has experienced some volatility. According to The Block’s crypto price page, Bitcoin was trading at approximately $86,024 as of March 28, down 1.5% over 24 hours. This represents a modest retreat from levels above $88,000 seen earlier in the week.
The cryptocurrency’s price action remains sensitive to both crypto-specific developments and broader macroeconomic factors, including anticipated policy changes under the Trump administration.
Contrasting Bitcoin and Ethereum ETF Flows
A particularly noteworthy trend is the divergence between Bitcoin and Ethereum ETF flows. Min Jung of Presto Research pointed out that spot Ethereum ETFs have seen net outflows on all but two days since February 20, 2025.
“This contrast highlights a clear difference in investor conviction between Bitcoin and Ethereum,” Jung told The Block. This divergence suggests that institutional investors are displaying a clear preference for Bitcoin exposure over Ethereum in the current market environment.
The price of Ethereum reflected this sentiment, trading down 4.7% at $1,929 on March 28, according to The Block’s price data.
Macroeconomic Factors
Market analysts attribute the sustained interest in Bitcoin ETFs to several macroeconomic factors:
- Shifting Federal Reserve Policy: Analysts at BTC Markets noted a market perception of “improving macro conditions” with expectations of a shift from quantitative tightening to easing, as reported earlier by The Block.
- Trump Administration Policies: Market uncertainty related to President Donald Trump’s tariff policies has created volatility, though investors have regained some confidence with the expectation that tariffs may not be as extensive as initially feared.
- Regulatory Environment: Recent regulatory developments have created a more favorable environment for crypto assets. The Block reported on March 28 that the SEC has formally dismissed enforcement actions against several major crypto entities, including Kraken, Consensys, and Cumberland DRW, potentially signaling a more accommodating regulatory approach.
- Global Liquidity: Enmanuel Cardozo, market analyst at Brickken, told The Block that “global liquidity climbing roughly to 8% this year” has created a favorable environment for Bitcoin investments.
Also Read: US Bitcoin EFTs See Eight Days Of Inflows
Expert Outlook
While the 10-day inflow streak represents positive momentum, analysts remain cautious about declaring a long-term trend. Rachael Lucas, Crypto Analyst at BTC Markets, previously characterized similar inflow patterns as “more like a spark, not a full-on fire just yet.”
Min Jung of Presto Research emphasized that current inflows, while consistent, remain modest compared to the more aggressive institutional buying seen earlier in 2025. This suggests cautious optimism rather than unbridled enthusiasm among institutional investors.
Market Implications
The sustained inflow streak carries several important implications for the broader crypto market:
- Institutional Adoption: The consistency of inflows, even at modest levels, indicates that Bitcoin continues to gain acceptance among institutional investors as a legitimate asset class.
- Market Maturation: The divergence between Bitcoin and Ethereum ETF flows suggests increasingly nuanced investment decisions rather than broad-based crypto exposure.
- Resilience: The maintained positive flows despite price volatility and policy uncertainties demonstrate Bitcoin’s growing resilience as an investment vehicle.
Conclusion
The 10-day inflow streak for US spot Bitcoin ETFs represents a significant milestone in Bitcoin’s continued integration into traditional financial markets. While the magnitude of inflows remains modest compared to earlier peaks, the consistency suggests steady institutional confidence in Bitcoin as an asset class.
As market participants continue to navigate evolving regulatory landscapes and macroeconomic conditions, the sustained interest in Bitcoin ETFs provides an important indicator of the cryptocurrency’s growing legitimacy within traditional investment portfolios.
Investors and analysts will likely watch closely to see if this streak extends further and whether inflow volumes accelerate, potentially signaling a more robust shift in institutional sentiment toward digital assets in the months ahead.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
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