Bitcoin ETFs See $3.06 Billion Inflows in Week Amid Price Surge
Bitcoin exchange-traded funds (ETFs) in the US experienced a significant surge in inflows, totaling over $3 billion in a single week. This remarkable performance is attributed to the recovering price of Bitcoin and a renewed interest from institutional investors. The 11 spot Bitcoin ETFs recorded a combined inflow of approximately $3.06 billion over six consecutive trading sessions, marking the second-largest net inflow on record for Bitcoin ETFs. This influx highlights the growing demand for crypto-focused financial products.
The largest inflows were observed on April 22 and April 23, with daily figures reaching $936 million and $916 million, respectively. These figures represent some of the best single-day performances since the beginning of the year. The wave of investment lifted the total assets under management (AUM) for Bitcoin ETFs to $109 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues to lead the market, now managing more than $56 billion, which accounts for roughly 3% of Bitcoin’s circulating supply. Michael Saylor, Chairman of Strategy, predicted that IBIT could become the world’s largest ETF within the next decade.
Analysts attribute the surge in ETF inflows to Bitcoin’s recent decoupling from traditional risk assets like U.S. stocks and gold. Rising geopolitical tensions, particularly the global tariff battles, have further boosted Bitcoin’s status as a safe-haven investment. Analysts from The Kobeissi Letter suggest that Bitcoin’s decoupling from macro assets has supported its price rebound. Since dipping under $75,000 on April 7, BTC’s price has surged by more than 25% and is now trading above $94,000. Mark Wlosinski, a crypto analyst, commented, “As global money printing continues so will Bitcoin’s price appreciation. The value of paper money is backed by nothing more than debt, and that debt has been running out of control for quite some time. Bitcoin is the solution to our broken monetary system.”
Looking ahead, David Puell, an analyst at ark Invest, remains highly optimistic about the top crypto. Puell predicts Bitcoin could reach up to $2.4 million by 2030, driven by growing institutional adoption and its rise as a strategic treasury asset for corporations and even nation-states. In more conservative scenarios, he forecasts Bitcoin reaching between $500,000 and $1.2 million within the same timeframe.
Ask Aime: Why is BlackRock's iShares Bitcoin Trust (IBIT) leading the surge in US Bitcoin ETF inflows, reaching $109 billion in AUM?