Bitcoin ETFs Experience $3.06 Billion in Weekly Inflows, Marking the Second-Highest Amount Ever Recorded

Recent developments indicate a significant increase in Bitcoin’s appeal among institutional investors, as spot Bitcoin exchange-traded funds (ETFs) reported an impressive $3.06 billion in net inflows last week.

This remarkable increase, observed between April 21 and April 25, represents the second-highest weekly performance for these ETFs since receiving regulatory approval from the U.S. Securities and Exchange Commission (SEC) in January 2024.

Remarkable Net Inflows

Data from SoSoValue highlights a growing commitment from institutions. The net inflow of $3.06 billion is second only to the record of $3.38 billion achieved in November 2024 when spot Bitcoin ETFs experienced a significant surge in one week.

Other notable inflows include $2.73 billion raised from November 29 to December 6, 2024, and $2.57 billion from March 8 to March 15, 2024.

Additionally, net weekly inflows surpassed $2 billion on various occasions, such as $2.27 billion in the second week of February 2024, $2.24 billion in the first week of March 2024, and $2.22 billion in the first week of November 2024.

A closer look at the daily inflows reveals that April 22 and 23 were particularly significant, with daily net inflows of $936.43 million and $916.91 million, respectively. However, inflows decreased towards the week’s end, with April 24 seeing $442 million and April 25 just under $380 million.

To date, BlackRock’s iShares Bitcoin Trust (IBIT) has experienced the largest cumulative net inflow among Bitcoin ETFs, totaling $41.2 billion. The Fidelity Wise Origin Bitcoin Fund (FBTC) follows with approximately $11.86 billion in inflows, while Grayscale’s GBTC is currently down by $22.69 billion.

ETFs and Corporations Supporting BTC Prices

The surge in spot Bitcoin ETFs coincided with a price rise that exceeded $94,000, driven primarily by institutional investors such as wealth management firms, corporate treasuries, and sovereign funds rather than retail traders.

As noted by Bitwise CEO Hunter Horsley, interest in Bitcoin on Google remains at historic lows, despite the rising prices. “This hasn’t been driven by retail,” he explained.

Bloomberg ETF specialist Eric Balchunas has also pointed out that corporations and ETFs appear to be the main buyers of Bitcoin now, a trend that contributes to greater price stability for the asset.

After a stagnant trading period in early April, Bitcoin began a robust upward movement from April 19, breaking through significant resistance levels and climbing from $90,000 to a weekly peak of $95,768 before settling around $94,700.

In terms of Bitcoin’s fundamentals, technical analysts predict a bullish trend that could push prices beyond the $100,000 mark, with some forecasting an even more substantial increase to $155,000 driven by network growth and strong accumulation.