Spot Bitcoin ETFs received approximately $987 million in inflows last week. Approximately 70% of this volume went to IBIT, according to the Unchained report.

Analysts estimate that the nature of the purchases resembles actual spot demand for Bitcoin more than leveraged positions. These conclusions are based on a brief summary from the source rather than the full available text.

For the market, this signifies continued interest in exchange-traded products linked to Bitcoin, with IBIT playing a notable role in the weekly fund movement. The scale and sustainability of the trend cannot yet be assessed based on a single independent report.