US spot Bitcoin ETFs secure 6 consecutive weeks of inflows totaling $3.4B amid market volatility

US spot Bitcoin exchange-traded funds have secured a sixth consecutive week of net inflows, establishing the longest uninterrupted accumulation period since August 2025. This six-week trajectory, spanning from the week of April 2 through Friday, aggregated $3.4 billion in capital, according to data compiled by Woofun AI. The inflow velocity varied significantly throughout the period; the week of April 17 represented the peak with $996.38 million entering the market, whereas the initial week of April 2 recorded a modest $22.34 million. The most recent weekly cycle concluded with $622.75 million in net additions, solidifying a trend not seen in over nine months. The previous comparable streak occurred between June 13 and July 18, 2025, where a seven-week run attracted approximately $7.57 billion, highlighted by single-week surges of $2.72 billion and $2.39 billion.

The momentum of the latest streak faced headwinds toward the end of the reporting period, characterized by a sharp reversal in daily flows. While Monday and Tuesday drove the week with inflows of $532.21 million and $467.35 million respectively, Wednesday saw activity decelerate to $46.33 million. This slowdown preceded a significant late-week exodus, with Thursday registering $277.50 million in outflows and Friday adding another $145.65 million in withdrawals. Woofun AI notes that this intraday volatility reflects broader market hesitation as investors positioned themselves ahead of critical macroeconomic data releases. The caution was specifically driven by the upcoming US April Non-Farm Payrolls report, where consensus estimates projected payroll growth of only 62,000 jobs, a figure substantially lower than the prior reading of 178,000.

Market participants grappled with conflicting signals regarding the labor market's health, complicating the outlook for asset allocation. Bitunix analysts highlighted that an earlier-than-expected ADP report showing 109,000 jobs created uncertainty about the true state of employment before the official payroll release. This divergence in data points left traders uncertain, contributing to the defensive positioning observed in the final days of the week. Geopolitical tensions also played a role in shaping market sentiment, with reports indicating renewed exchanges of fire between the US and Iran around the Strait of Hormuz. Despite the escalation, analysts observed that both parties appeared to be leaving room for negotiations, with indications of a potential partial understanding on specific maritime issues.

In the cryptocurrency sector, Bitcoin price action reflected this underlying fragility, slipping below the $80,000 threshold on Thursday. Liquidation heatmaps revealed a dense concentration of liquidity around the $78,000 level, creating a critical support zone. A breakdown below this psychological and technical barrier could trigger cascading liquidations, while heavy short positioning between $82,000 and $83,000 suggests the market remains locked in a volatile tug-of-war. Woofun AI analysis suggests that these technical levels will dictate near-term price discovery as institutional flows continue to interact with macroeconomic uncertainty. The interplay between these liquidity clusters and the broader sentiment surrounding employment data remains the primary driver of current market dynamics.

Parallel developments were observed in the Ether ETF market, which returned to positive territory for the week ending May 8. These funds posted $70.49 million in net inflows, marking a rebound after the previous week recorded $82.47 million in outflows. This recovery follows a robust three-week accumulation phase from April 10 to April 24, which drew in a combined $617.91 million. The peak of that earlier surge occurred during the week of April 17, attracting $275.83 million.

However, the recent weekly performance for Ether ETFs was also marred by intraday instability, with Thursday seeing $103.52 million in outflows that nearly erased the gains accumulated earlier in the week.

Daily flow patterns for Ether ETFs mirrored the volatility seen in Bitcoin products, with Monday and Tuesday generating inflows of $61.29 million and $97.57 million respectively. Activity slowed considerably on Wednesday to $11.57 million before a modest recovery of $3.57 million on Friday ensured the week closed in positive territory. The ability of these funds to maintain net inflows despite late-week selling pressure underscores a resilient underlying demand, even as traders navigate a landscape defined by mixed economic signals and geopolitical risks. The sustained inflow streak for Bitcoin ETFs, combined with the stabilization of Ether funds, indicates a potential shift in institutional risk appetite as the market digests the latest macroeconomic data.