- U.S. Bitcoin ETFs see a whopping $3 billion in inflows—marking their first back-to-back weekly gains since March.
- Bitcoin rallies near $94K, sparking hope, and turning ETF inflows into a game of financial chicken.
Ah, the world of Bitcoin—where fortunes are made and lost with a mere flick of the wrist (or more accurately, the click of a mouse). After weeks of watching the digital gold drain away like the last drops of a bad bottle of vodka, U.S. Spot Bitcoin [BTC] ETFs have risen from the ashes, bringing in a cool $3 billion this week alone. A phoenix, if you will. A very rich, very volatile phoenix.
The Bitcoin ETF Records a Surprising Comeback
According to data from SosoValue (and if they say it, who are we to doubt?), these exchange-traded products have collectively recorded $3.06 billion in inflows by April 26th. It’s the first time in recent history that we’ve seen consecutive weekly gains since late March—because, you know, the market loves to keep us on our toes.
For context, just earlier this month, the situation looked grim—like a bad breakup after someone forgot your birthday. A stunning $713.30 million in withdrawals was recorded by April 11th. It was ugly, folks. But fear not! A modest $172.69 million found its way back into the system the following week, and now—lo and behold—a spectacular surge of optimism! Investors are back in action, or maybe they just missed the excitement.
The last time U.S. Bitcoin ETFs experienced back-to-back weekly inflows was in the week ending March 28th, a modest $196.48 million. No one was exactly popping champagne over that. But now? We might just see a few bubbles rise in celebration.
This recent momentum isn’t just a fluke. It’s a reflection of renewed confidence in Bitcoin and its investment vehicles, and it might very well set the stage for a broader market rebound. Or it might crash and burn—who knows, right?
The surge in Bitcoin ETF inflows mirrors a general sense of bullishness sweeping across the crypto world, like the optimism before a major storm (but with more money involved).
Bitcoin and the Crypto Market: Rising Like Bread in an Oven
Bitcoin itself has done the impossible: it’s now sitting at a comfortably high $94,197.02—just a whisper away from $94K. In the last 24 hours, it’s up a modest 0.50%. But don’t let that fool you—Bitcoin has surged nearly 11% over the past week, proving that even in a chaotic world, digital currency still knows how to make an entrance.
This surge in Bitcoin’s price isn’t just good news for hodlers of the mighty BTC. Major altcoins like Ethereum [ETH], Ripple [XRP], and Solana [SOL] have jumped along for the ride, each gaining around 2%. They’re in the club now. Welcome aboard, guys!
BlackRock’s IBIT: The VIP of the ETF Party
Now, let’s talk about the big players—BlackRock’s iShares Bitcoin Trust (IBIT), which has been strutting its stuff like the prom queen of ETFs. On April 24th, the IBIT alone contributed $327.3 million to the inflows. Not too shabby, considering it wasn’t even an official holiday. Meanwhile, spot Bitcoin ETFs saw $442 million in total inflows on that same day. Talk about a crowd-pleaser.
This marks an unbroken streak of positive flows since April 17th—because apparently, institutional investors love a good trend, especially when it’s this bullish.
And if you needed more proof that Bitcoin is back in action, U.S. spot Bitcoin ETFs collectively recorded a net inflow of 11,898 BTC in a single day—the most since November 2024. It’s almost like Bitcoin’s in the mood for a serious rally, and this time, it’s not just a weekend fling.
So, what does all this mean? The acceleration of Bitcoin’s momentum, paired with growing institutional participation, could signal the start of a sustained market rally. Or, you know, it could all fall apart by next week. That’s the beauty of crypto—always keeping us guessing. But for now, let’s raise a glass to the new crypto gold rush.
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2025-04-27 07:08