Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply this week, signaling renewed investor appetite after months of uneven flows, even as uncertainty persists around digital asset regulation and the security of crypto self-custody.
On Saturday, Bloomberg ETF analyst Eric Balchunas said the spot funds attracted roughly $1 billion in net inflows for the week, their strongest showing since April and third-best week since last October — a period he referred to as Bitcoin’s “silent IPO.”
Source: Eric Balchunas
The term was popularized by investor Jordi Visser in November to describe what he viewed as a changing of the guard among Bitcoin holders. Under the theory, early investors were selling into growing demand from ETFs and other institutional buyers, creating enough supply to keep Bitcoin subdued despite substantial new capital entering the market.
That distribution coincided with a deterioration in ETF flows…
