Source: Cointelegraph
Original: “Bitcoin (BTC) ETF Sees a Surge in Capital Inflow: Weekly Net Inflow Exceeds $3 Billion, Ending Five Weeks of Outflows”

The net inflow of funds into U.S. Bitcoin spot ETFs exceeded $3 billion this week, marking the first week of sustained net inflows in five weeks. According to Farside data, on April 25, 11 Bitcoin spot ETFs saw a net inflow of $380 million in a single day, achieving five consecutive days of net inflows, totaling approximately $3.06 billion for the week. The last time Bitcoin spot ETFs recorded a full week of net inflows was the week of March 21.

Strong capital inflows help turn April into a profitable month

ETF analyst Eric Balchunas stated on the X platform on April 24 that "ETFs are experiencing a Bitcoin frenzy."

"What’s truly noteworthy is how quickly the capital flow can surge from one fund to five," Balchunas said, predicting that some of the capital flow may stem from "the re-emergence of basis trading strategies in the market."

Amid ongoing macroeconomic uncertainty, Bitcoin spot ETFs experienced a volatile April—out of the current 18 trading days, there were net outflows on 9 days.

However, the strong capital inflow over the past week successfully reversed the trend, bringing the overall net inflow for April back up to approximately $2.26 billion. On April 25, MicroStrategy founder Michael Saylor predicted at the Bitwise Bitcoin Corporate Investment Day event that the BlackRock iShares Bitcoin ETF "will become the largest ETF in the world within ten years."

Just two days earlier, on April 23, the BlackRock IBIT Bitcoin ETF won the etf.com annual award for "Best New ETF" and was also recognized as the "Best Crypto ETP Product of the Year." According to CoinMarketCap, the price of Bitcoin has been fluctuating around the $95,000 mark, with the latest price at $94,613.

Institutional investors are continuously raising their bullish expectations. The $100 billion asset management firm ARK Invest recently raised its "bull market target price" for Bitcoin at the end of 2030 from $1.5 million to $2.4 million, primarily based on the entry of institutional investors and the increasing recognition of Bitcoin as "digital gold." ARK also raised its "bear market" and "benchmark" target prices to $500,000 and $1.2 million, respectively.

Related: Senator Lummis: The Federal Reserve's Withdrawal of Cryptocurrency Bank Regulation Rules is "Not a Real Progress"

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