U.S. spot Bitcoin ETFs saw $225.2 million in net inflows, driven primarily by BlackRock’s iShares Bitcoin Trust (IBIT). While these inflows contributed to a positive weekly trend, broader market sentiment remained cautious, with outflows from other funds and Ether ETFs highlighting ongoing investor uncertainty.
U.S. spot Bitcoin exchange-traded funds recorded $225.2 million in net inflows, according to data from SoSoValue. The gains were largely driven by $322.4 million flowing into BlackRock’s iShares Bitcoin Trust (IBIT), which offset redemptions from other funds.
Data from Farside shows these inflows offset $89.3 million in outflows from the Fidelity Wise Origin Bitcoin Fund (FBTC) and $28.2 million from the Grayscale Bitcoin Trust ETF (GBTC). The activity brought the week’s total inflows to $683.3 million, following a week of $787.3 million in inflows that ended a five-week outflow streak totaling nearly $4 billion.
Market sentiment remained cautious despite Bitcoin’s price rebound, with the Crypto Fear & Greed Index indicating “extreme fear.” Ether ETFs slipped into negative territory with $10.8 million in outflows, while funds for XRP and Solana (SOL) saw inflows of $7.5 million and $1 million, respectively.
During a public appearance, American billionaire Ray Dalio criticized Bitcoin, citing its limited privacy and small market size compared to gold. “I think Bitcoin has received a lot of attention, but as a form of money, it’s small compared with gold. There is only one gold,” he said on the All-In Podcast.
Bitcoin advocates pushed back on the criticism, framing it as a long-term opportunity. Bitwise chief investment officer Matt Hougan responded on social media, stating, “These are the reasons Bitcoin is 4% the size of gold. If these critiques did not exist, Bitcoin would already be around $750,000 per coin. I invest in Bitcoin in part because I am confident these things will change over time.”
