Bitcoin bulls are back? BTC ETFs post $3B weekly inflow
The post Bitcoin bulls are back? BTC ETFs post $3B weekly inflow appeared on BitcoinEthereumNews.com.
US spot Bitcoin ETFs have clocked six straight days of inflows and a weekly influx breaching $3 billion. This turns out to be their first full winning week since March amid increased investors’ uncertainty due to tariff wars. April 25 alone saw BTC ETFs pulling in $380 million to hit the fresh landmark. The global digital assets industry remained marginally stable while riding the recovery wave. The cumulative crypto market cap is inching closer to the $3 trillion mark with a 24-hour trading volume of almost $100 billion. However, the fear and greed index signals that investors’ sentiments have now shifted into the greed category. Grayscale bleeds, BlackRock leads As per the data, the last time the market saw a five-day Bitcoin ETF inflow streak like this was back in March, which feels like ancient history in crypto years. US Bitcoin ETFs reported an inflow of $381.4 million on April 21, $936 million on April 22, $916 million on April 23 and $442 million on April 24. BlackRock’s ETF IBIT recorded the highest net inflow of $240.15 million on Friday and its total historical net inflows now stand at $41.2 billion. The second highest influx came in through Fidelity’s FBTC at $108.04 million. Its cumulative net inflow stands at $11.86 billion. Grayscale’s GBTC is the only ETF that keeps hemorrhaging value. It posted an outflow of $7.53 million with a cumulative withdrawal of $22.69 billion. Bitcoin price has surged by more than 10% over the last 7 days, during the same week that ETFs posted huge inflows. BTC is trading at an average price of $94,366 as of press time. Its 24-hour trading volume is up by 16% to stand at $35.7 billion. Bloomberg’s Eric Balchunas explained the situation as: “ETFs are on a Bitcoin bender,” and it shows. Per…
Filed under: News - @ April 26, 2025 11:27 am