Spot Bitcoin ETFs recorded their second-best week ever, with inflows surpassing $3 billion. This marks the first full week of consecutive inflows in five weeks, signaling renewed institutional interest in Bitcoin.
April 25 alone saw Bitcoin ETFs pulling in $380 million, contributing to the overall surge in investments. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows, adding $1.4 billion to its holdings14. Fidelity’s FBTC also saw significant contributions, further strengthening the market’s bullish sentiment.
Analysts attribute the surge to Bitcoin’s decoupling from traditional assets like gold and stocks, as investors seek alternative hedging strategies amid macroeconomic uncertainty. The inflows have pushed Bitcoin’s price above $94,000, with some predicting a potential rally toward $100,000.
A Bitcoin bender
ETF analyst Eric Balchunas described the trend as a “Bitcoin bender,” highlighting how quickly institutional flows can shift market dynamics. The strong demand for Bitcoin ETFs reflects growing confidence in the asset’s long-term value proposition.
ARK Invest recently raised its bullish price target for Bitcoin, projecting a potential rise to $2.4 million by 2030. The firm believes that institutional adoption and Bitcoin’s role as “digital gold” will drive sustained growth16.
With Bitcoin ETFs continuing to attract capital, the market is closely watching whether this momentum will translate into further price appreciation.
Shogun Lin
