Bitcoin ETFs Smash Through $900M Inflows as Global Trade Tensions Ease

Third Week of Gains: ETFs Pull In Nearly $6B Over Three Weeks

Hang onto your hats, crypto fans! U.S. spot Bitcoin ETFs are on a wild ride, logging a third week of mega inflows as investors keep pouring in cash. We're talking a whopping $921 million just last week, from May 5-9, according to SoSoValue. These investment beasts have been on a tear for three straight weeks, gobbling up nearly $5.8 billion. It's like they're on a sugar rush and can't stop!

BlackRock's IBIT Leads the Charge, Racking Up Over $5B

Hold the front page! BlackRock's IBIT is the heavyweight champ, smashing in over $1 billion last week alone, says Farside data. This beast's been on a 19-day inflow spree, adding over $5 billion to its bulging muscles. That's the longest streak for any spot Bitcoin ETF this year. It's like IBIT's saying, "Step aside, I'm taking over!"

Fidelity and ARK 21Shares Join the Party

Fidelity's FBTC and ARK 21Shares' ARKB are also throwing down, adding $62.4 million and $45.6 million, respectively. It's like a crypto fiesta, and everyone's invited!

Some Funds See Outflows, But Overall Gains Stay Strong

But wait, it's not all sunshine and rainbows. Grayscale's GBTC, Bitwise's BITB, Franklin Templeton's EZBC, and VanEck's HODL took a hit, with a combined outflow of $217.4 million. That's like a few party poopers trying to kill the vibe. The rest of the BTC ETFs? They just chilled, with zero flows over the period.

Record-Breaking $41.16B Inflows Since Launch

After Friday's inflows, these investment vehicles hit a mind-blowing $41.16 billion in total net inflows since launch day. That's a new all-time high for cumulative flows. It's like these ETFs are breaking records left and right!

Trade Deals and Geopolitical Relief Fuel the Fire

What's driving this madness? Macro developments, baby! President Donald Trump just inked a trade deal with the U.K., promising to ease tariffs on British cars, aluminum, and steel. In return, the U.K.'s opening up to more American beef, ethanol, and soft drinks. It's like a global economic party!

And guess what? Talks with China are back on the table, and global investors are breathing a sigh of relief. It's like the whole world's taking a chill pill.

Bitcoin Soars Past $100K, Just Shy of All-Time High

With geopolitical stress easing, Bitcoin (BTC) is going wild, breaking above the $100,000 mark again and climbing to around $104,000. That's just 4.5% off its all-time high from January. It's like BTC's saying, "Watch me fly!"

Crypto Fear & Greed Index Hits "Greed" Territory

Risk-on sentiment is back, baby! The Crypto Fear & Greed Index is at 70, firmly in "greed" territory, up from last week's neutral readings. It's like everyone's ready to bet big on crypto again.

Analysts Point to Strong ETF Inflows and Institutional Participation

CryptoQuant founder Ki Young Ju says Bitcoin's current rally is being driven by those consistent ETF inflows, along with rising institutional and government participation. It's like the whole world's jumping on the Bitcoin bandwagon!

Ethereum ETFs Struggle as Bitcoin Shines

But it's not all roses for everyone. Ethereum ETFs had a rough week, recording three days of outflows versus just one day of inflows. The nine spot Ethereum ETF funds saw a combined net outflow of $38.15 million over the period. It's like Ethereum's trying to keep up but stumbling a bit.