US spot Bitcoin ETFs extend inflow streak to six weeks despite late-week outflows
The run totaled $3.4B since the week of April 2, but Thursday–Friday redemptions flagged softer marginal demand.
US spot Bitcoin ETFs posted a sixth straight week of net inflows, extending their longest streak since August 2025. The headline number stayed positive, but the week ended with two consecutive days of outflows as markets braced for US jobs data.
Key Takeaways
- US spot Bitcoin ETFs have now logged six consecutive weeks of net inflows, the longest run since August 2025.
- The streak spans the week of April 2 through Friday and totals $3.4 billion in net inflows, based on SoSoValue data.
- The latest week still finished at +$622.75 million even after outflows of $277.50 million on Thursday and $145.65 million on Friday.
- Weekly demand inside the streak has varied sharply, from $22.34 million (week of April 2) to $996.38 million (week of April 17).
Six-Week Bitcoin ETF Inflow Streak Hits Longest Run Since August 2025
US spot Bitcoin ETFs extended their net inflow streak to six straight weeks, the longest stretch of consecutive weekly inflows since August 2025. Over the six-week window from the week of April 2 through Friday, the cohort pulled in a combined $3.4 billion in net inflows, according to SoSoValue.
The duration matters for market structure because ETF creations are one of the cleanest reads on marginal, price-insensitive demand for BTC. Still, the tape is not linear. The streak includes a strongest week of $996.38 million in inflows (week of April 17) and a weakest week of just $22.34 million (week of April 2), underscoring that “six weeks green” is a trend signal, not a promise of steady weekly demand.
Inside the Latest Week: Front-Loaded Buying, Then Two Days of Outflows
The most recent week ended with $622.75 million of net inflows, but the path there was front-loaded. SoSoValue’s daily figures showed $532.21 million on Monday and $467.35 million on Tuesday, followed by a sharp slowdown to $46.33 million on Wednesday.
Then came the reversal: $277.50 million of outflows on Thursday and another $145.65 million on Friday. That late-week fade is the part traders should respect. It shows marginal demand can step back quickly when macro risk rises, even while the weekly headline stays positive.
How This Streak Compares With the 2025 Peak Inflow Run
The current run is the longest since the prior cycle’s peak streak, but it is smaller in total size. A seven-week inflow streak from June 13 to July 18, 2025 drew roughly $7.57 billion, including $2.72 billion in the week of July 11 and $2.39 billion the following week.
Against that benchmark, the present $3.4 billion over six weeks reads as meaningful but not at prior-cycle intensity. Duration is supportive, but the aggregate dollars suggest the bid is steadier than explosive.
Macro and Positioning Backdrop: NFP Risk and Key Liquidity Levels
Macro risk was the near-term catalyst into Friday. Bitunix analysts framed positioning as cautious ahead of the US April Non-Farm Payrolls release, with consensus payroll growth cited at 62,000 versus the prior 178,000 reading. The same note pointed to an ADP print of 109,000 earlier in the week, complicating expectations into the official number.
On price action, Bitcoin slipped below $80,000 on Thursday in the same window that ETF flows flipped negative. The analysts referenced liquidation heatmaps showing heavy liquidity clustering around $78,000 and warned that a break below $78,000 “could trigger cascading liquidations.” They also flagged overhead positioning pressure, writing that “dense short positioning between $82,000 and $83,000 keeps the market stuck in a tug-of-war.”
Cross-asset ETF tape also improved at the margin. US spot Ether ETFs posted $70.49 million of net inflows for the week ending May 8 after the prior week’s $82.47 million net outflows, though Thursday still saw $103.52 million of outflows before a $3.57 million Friday recovery.
Why Late-Week Outflows Matter More Than the Weekly Headline
I treat the six-week, $3.4 billion streak as confirmation that the ETF bid is real, but the Thursday–Friday outflows are the tell on fragility. When flows are this front-loaded, it often means buyers are sensitive to the next macro print and willing to de-risk into it.
The threshold that matters is whether BTC can hold the $78,000 liquidity cluster and reclaim or sustain above $80,000 while ETF daily flows re-accelerate after the two-day outflow finish. If that holds, the setup starts to look structural rather than narrative-driven, and the ETF bid becomes actionable as support instead of just a headline streak.
