Bitcoin bulls are back? BTC ETFs post $3B weekly inflow

Source Cryptopolitan

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 the analyst, flows have gone from 1st gear to 5th so fast that the possible driver behind the momentum is the return of the “basis trade,” Wall Street’s favorite arbitrage strategy involving futures and spot exposure.

Institutions FOMO into Bitcoin, traders fade

The volatility earlier in the month had investors sweating as nine out of April’s eighteen trading days were in the red. However, Michael Saylor at Bitwise’s Bitcoin Corporations Investor Day predicted that BlackRock’s IBIT will become the biggest ETF in the world within ten years. It might become bigger than Vanguard’s S&P 500 ETF (VOO), which currently towers at $593.5 billion in market cap.

BTC ETF inflows are sending out a very clear bullish signal that institutions are piling in and building a real momentum, not just in price. Social sentiment is overwhelmingly positive and the community is increasingly seeing ETFs as proof of Bitcoin’s growing legitimacy and long-term upside.

Glassnode data shows that open interest in perpetual swaps has risen to 281K BTC, and it is up by 15.6% since early March. The surge hints at the build-up of leverage in the market as prices rebound. Meanwhile, the average funding rate has dropped to -0.023% despite the rising OI, which shows a tilt towards short-side positioning. It added that BTC traders appear to be fading the rally, which might set up a possible short squeeze scenario.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Dogecoin Follows Bearish June Trend With over 4% Losses – Is The Worst Over?The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]
Author  Bitcoinist
Jun 09, Mon
The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]
placeholder
Nvidia CEO begins stock sales under $865M planNvidia CEO Jensen Huang is selling some of his shares using a pre-approved plan.
Author  Cryptopolitan
Jun 24, Tue
Nvidia CEO Jensen Huang is selling some of his shares using a pre-approved plan.
placeholder
Gold price declines to fresh two-week low, further below $3,300 ahead of US PCE dataGold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
Author  FXStreet
Jun 27, Fri
Gold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
goTop
quote