Spot Bitcoin ETFs Log 6th Straight Week of Net Inflows for First Time Since August

Markets on edge as jobs data emerges: Analyst

Markets entered cautiously on Friday as investors braced for the US non-farm payrolls report for April, with consensus estimates calling for payroll growth of just 62,000, well below the previous reading of 178,000, reinforcing expectations of a cool labor market, Bitonics analysts wrote in a note shared with Cointelegraph.

Analysts noted that a stronger-than-expected ADP report of 109,000 jobs earlier in the week complicated the picture, leaving traders uncertain about the true state of employment ahead of the release.

“On the geopolitical front, although the United States and Iran have once again exchanged fire over the Strait of Hormuz, the two sides continue to leave room for negotiations,” Bitonix wrote, adding that reports indicate that the United States and Iran may have reached a partial understanding on some maritime issues.

In the cryptocurrency space, Bitcoin fell below $80,000 on Thursday, with liquidation charts showing heavy liquidity congregating around $78,000. A breakdown below that level could trigger cascading liquidations, while heavy short positions between $82,000 and $83,000 keep the market stuck in a tug of war, analysts wrote.

Related to: Bitcoin drops below $80,000 as spot ETF inflows reach $1 billion

ETFs record weekly inflows of $70 million

Meanwhile, Ethereum ETFs returned to positive territory for the week ending May 8, recording $70.49 million in net inflows after the previous week recorded $82.47 million in outflows. This rebound comes after a strong three-week wave from April 10 to April 24, which collectively attracted $617.91 million, peaking at $275.83 million in the week of April 17.

On a daily basis, Thursday saw outflows of $103.52 million, almost erasing the gains made earlier in the week. On Monday and Tuesday, it attracted inflows of $61.29 million and $97.57 million, respectively, before slowing on Wednesday to $11.57 million. Friday’s rebound of $3.57 million left the week on a positive note.

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Spot Bitcoin ETFs have recorded their sixth consecutive week of net inflows, marking the longest winning streak since August and signaling renewed institutional confidence in the digital asset market. The consistent inflows highlight growing investor demand for regulated Bitcoin investment products, especially as market sentiment turns increasingly bullish.

The latest streak reflects a major shift in institutional behavior, with large investors continuing to allocate capital toward spot Bitcoin ETFs as a preferred vehicle for crypto exposure. Unlike direct Bitcoin ownership, ETFs provide a regulated and simplified way to gain exposure, making them attractive to traditional investors and asset managers.

This sustained momentum comes amid Bitcoin’s strong price performance and improving macroeconomic conditions. As inflation concerns ease and expectations for future monetary policy shifts grow, risk assets like Bitcoin are seeing increased attention from both institutional and retail participants.

Analysts believe continued ETF inflows could act as a major catalyst for Bitcoin’s next upward move. Higher demand through ETFs reduces available market supply, potentially creating stronger price support and increasing bullish pressure.

The six-week inflow streak also reinforces the growing legitimacy of Bitcoin within mainstream finance. As adoption expands and investor confidence strengthens, spot Bitcoin ETFs are becoming one of the most important drivers shaping the current crypto market cycle.