Bitcoin Drops 10% Despite $3.06 Billion ETF Inflows

Bitcoin's price fell below $94,000 on Sunday, marking a decline despite sustained demand for Bitcoin exchange-traded funds (ETFs). This price drop reflects broader selling pressure across the cryptocurrency market. According to CoinGecko data, the price movement indicates a period of market volatility, yet institutional investors continue to show confidence in Bitcoin through ETF investments.

The aggregate assets under management of Bitcoin ETFs have reached $109.27 billion, representing approximately 5.8% of Bitcoin’s total market capitalization. This significant investment highlights the growing institutional interest in Bitcoin, even as the cryptocurrency faces near-term price weakness. The bullish trend in ETF inflows suggests that long-term investors are maintaining their positions, despite the recent price fluctuations.

U.S. Bitcoin spot ETFs experienced a substantial $3.06 billion in net weekly inflows as of April 25, 2025, marking the largest inflow since November 2024. This capital inflow underscores the growing institutional confidence in Bitcoin, despite the market volatility. The daily inflows peaked at $379.99 million on April 25, contributing to the weekly total exceeding $3 billion. This is a notable reversal from early April, when the market saw $713.30 million in net outflows.

Leading the inflows was BlackRock’s iShares Bitcoin Trust (IBIT), which added $240.15 million in a single day. IBIT remains the dominant player in the Bitcoin ETF category, with $56.03 billion in assets under management and $41.20 billion in net inflows since its inception. Fidelity’s Wise Origin Bitcoin Fund (FBTC) also saw significant inflows, recording $108.04 million in daily inflows and managing a total of $19.12 billion in assets. Other funds that experienced large inflows included ARK 21Shares Bitcoin ETF (ARKB), which added $11.39 million, and Grayscale’s Bitcoin Trust (BTC), which attracted $19.87 million. Despite these inflows, Grayscale’s legacy GBTC fund continued to see outflows.

Despite Bitcoin’s price struggles, the demand for ETFs suggests that institutional investors remain optimistic about the long-term outlook for the world’s largest cryptocurrency. The total value traded for Bitcoin ETFs was $18.76 billion for the week, more than double the $7.15 billion in the previous week. This spike in trading volume reflects the increasing interest and activity in the Bitcoin ETF market. Since their launch, Bitcoin spot ETFs have received a cumulative $38.43 billion in net inflows, indicating their growing footprint in the market. While Grayscale’s GBTC has seen $22.69 billion in outflows following its conversion from a trust structure, the broader ETF complex remains robust, with a steady stream of new capital entering the market.