$2.6 billion makes a comeback in Crypto: This rally isn’t just about short liquidations anymore.
U.S. spot Bitcoin and Ethereum ETFs have just delivered their strongest week of the year.
BTC ETFs saw about $1.9 billion in net inflows for the week, ETH ETFs about $697 million in net inflows, totaling roughly $2.6 billion—its highest level since October 2025.
Even more eye-catching is the trading volume.
BTC ETFs traded about $22.1 billion over the week, up 219% from the prior week; ETH ETFs traded about $6.9 billion, a 259% increase.
Put together, that’s nearly $29 billion.
A few days ago, BTC surged from $64,000 straight up to nearly $80,000, and many attributed the move to short squeezes.
Now that the full data is in, you can see another force has already stepped in: institutional money has really returned.
BTC ETFs had net inflows of $517 million on Wednesday and another $606 million on Thursday; among that, BlackRock’s IBIT alone pulled in about $503 million in a single day.
ETH hasn’t fallen behind either.
ETH ETF net assets rose from $10.5 billion to $14.3 billion over the week—an increase of nearly 36%—with both capital and coin prices rising at the same time.
At the moment, BTC is around $77,000–$77,300 depending on real-time sources, and ETH is around $2,415–$2,425.1
This set of data shows the market structure is changing:
Short squeezes are responsible for lifting prices, and ETF capital is starting to take hold at higher levels.
But it’s still too early to declare that a “new bull market” has officially begun.
So far this year, BTC ETFs are still cumulatively net outflow by about $2.9 billion, and ETH ETFs are also still net outflow by about $192 million.
In other words, this week is very strong, but it hasn’t fully closed the funding gap left behind earlier this year.
Next, if ETFs maintain large net inflows for a second and third consecutive week, only then will the character of this rally truly upgrade from a “bounce” to a “capital trend.”
$BTC $ETH #etf #ETFvsBTC