Bitcoin ETFs Show Promise With $3 Billion Inflows and Back-to-Back Weekly Gains Since March
The post Bitcoin ETFs Show Promise With $3 Billion Inflows and Back-to-Back Weekly Gains Since March appeared on BitcoinEthereumNews.com.
Can Bitcoin ETFs keep up their first back-to-back weekly gains since March? U.S. Bitcoin ETFs record $3 billion inflows, marking first consecutive weekly gains since March. Bitcoin rallies near $94K, fueling optimism and strong institutional ETF inflows. In a striking turnaround after weeks of turbulence, U.S. Spot Bitcoin [BTC] ETFs have staged an impressive comeback, posting over $3 billion in inflows this week alone. Bitcoin ETF Breaks Records According to data from SosoValue, these exchange-traded products collectively recorded $3.06 billion in inflows by the 26th of April, marking their first consecutive weekly gains since late March. The latest surge stands in sharp contrast to the heavy outflows seen earlier this month, including a staggering $713.30 million in withdrawals by the 11th of April. While inflows of $172.69 million were noted the following week, this latest milestone signals a significant shift in investor sentiment. Notably, the last time U.S. Bitcoin ETFs experienced back-to-back weekly inflows was during the week ending the 28th of March, when they captured $196.48 million. The current momentum not only highlights renewed confidence in Bitcoin-focused investment vehicles but could also set the tone for broader market recovery. The surge in Bitcoin ETF inflows appears to mirror the broader bullish sentiment sweeping across the crypto market. Impact on Bitcoin and the Crypto Market Bitcoin climbed to $94,197.02 following a modest 0.50% increase over the past 24 hours, according to CoinMarketCap. Impressively, the asset has surged nearly 11% over the past week, pushing closer to the critical $94K mark. This strong price action has invigorated Bitcoin holders and fueled optimism across major altcoins like Ethereum [ETH], Ripple [XRP], and Solana [SOL], each recording gains of around 2%. BlackRock’s IBIT Steals the Spotlight Data from Farside Investors revealed that spot Bitcoin ETFs attracted a staggering $442 million in inflows on…
Filed under: News - @ April 27, 2025 4:03 am