TL;DR
- BTC Inflows: Bitcoin ETFs recorded a seven‑day streak totaling $1.9B as BTC briefly moved above $79,000, marking its strongest momentum since January and signaling renewed investor confidence across spot products.
- Fund Leaders: IBIT captured $1.4B of the total while MSBT extended its perfect inflow record since launch, highlighting growing institutional demand and diversification within Bitcoin ETF offerings.
- Market Context: GBTC posted $100M in outflows, while ETH ETFs saw a 10‑day, $633.6M inflow streak as sentiment improved and the Fear & Greed Index climbed to 46 despite BTC remaining down year‑to‑date.
Spot Bitcoin ETFs continued to build momentum this week as inflows strengthened alongside Bitcoin’s price recovery. The latest data shows renewed confidence returning to the market, with investors steadily adding exposure throughout April’s rebound. The trend reflects how closely Bitcoin ETFs have become tied to broader sentiment, especially as BTC pushes toward levels not seen since January.
Seven‑Day Streak Pushes Inflows to $1.9B
Bitcoin ETFs recorded $335.8 million in inflows on Wednesday, marking the seventh straight day of positive activity. Over that stretch, the products accumulated $1.9 billion, surpassing the previous March’s $1.2 billion mark. The combined holdings now total 1.3 million Bitcoin, worth roughly $103 billion, underscoring how quickly institutional demand has scaled. The inflows arrived as BTC climbed 11% over the past month and briefly traded above $79,000, its highest point since late January.
BlackRock’s IBIT Dominates With $1.4B
BlackRock’s iShares Bitcoin Trust ETF (IBIT) remained the clear leader, pulling in $1.4 billion of the total $1.9 billion. IBIT now holds 809,870 Bitcoin, representing 62% of all assets under management across US‑listed spot Bitcoin ETFs. The fund’s performance continues to shape overall market flows, reinforcing its position as the primary gateway for institutional exposure during periods of renewed optimism.
MSBT Extends Its Perfect Streak
The Morgan Stanley Bitcoin Trust (MSBT) also contributed meaningfully, adding $95 million during the seven‑day run. Since launching on April 8, the fund has yet to record a single day of outflows, accumulating $163 million in that short window. Its early consistency highlights a growing appetite for diversified Bitcoin ETF options beyond the largest issuers.
Mixed Results as GBTC Sees Outflows
Not all funds participated in the upswing. The Grayscale Bitcoin Trust ETF (GBTC) posted around $100 million in redemptions over the same period, continuing its pattern of uneven flows. Meanwhile, Ethereum ETFs logged a 10‑day inflow streak totaling $633.6 million, helping ETH products flip positive for the year. The broader recovery coincided with the Crypto Fear & Greed Index rising to 46, though sentiment remains cautious as Bitcoin stays down about 11% year‑to‑date.
