US spot Bitcoin ETFs have recorded net inflows every week since April 2, 2025, marking the longest consecutive streak in over nine months. The run has brought in a total of $3.4 billion, though the pace has been anything but steady — last week saw $622 million net inflows, but the final two days flipped to outflows as Bitcoin slipped below $80,000. Ether ETFs also turned around, posting over $70 million net inflows after a losing week.
Six weeks of inflows, but slowing
The streak started modestly — the first week (ending April 2) brought in just $22 million. The biggest week came mid-April, with $996 million. By comparison, the prior record streak from June 13 to July 18, 2025, pulled in $7.57 billion over seven weeks, more than double the current haul. This time around, the weekly totals have been shrinking.
Last week's data shows a stark split. Monday and Tuesday delivered $532 million and $467 million, respectively. Wednesday slowed to $46 million. Then Thursday and Friday saw net outflows of $277 million and $145 million. Bitcoin dipped below $80,000 on Thursday, and analysts pointed to heavy liquidity around $78,000 and dense short positioning between $82,000 and $83,000.
Ether ETFs snap a losing week
Ether ETFs had a rougher stretch in late April but bounced back. After three strong weeks — including $276 million in the week of April 17 — the funds saw $82 million in outflows the week ending May 1. Last week, they recovered to more than $70 million net inflows. The rebound comes as traders weigh whether the macro environment will support risk assets.
Macro caution and Gulf tensions
The week's volatility wasn't just about crypto. Markets were uneasy ahead of the US April Non-Farm Payrolls report, with a consensus of just 62,000 jobs — down sharply from 178,000 the prior month. An ADP report showed 109,000 jobs added, adding to the uncertainty.
Geopolitics added another layer. The US and Iran exchanged fire near the Strait of Hormuz, though both sides left room for negotiations. A partial maritime understanding was reportedly reached, but the incident underlined how quickly sentiment can shift. For crypto investors already on edge about macro data, it was enough to trigger profit-taking on Thursday and Friday.
The streak remains intact, but the narrowing weekly totals and the Friday outflows suggest momentum is fading. All eyes are on the jobs report and whether the Strait of Hormuz situation stays contained.
