Spot Bitcoin ETFs See $335M Inflows as BTC Slips

BlackRock’s IBIT led inflows, while total US spot Bitcoin ETF holdings reached approximately 1.3 million BTC worth $103 billion. Bitcoin has gained 11% over the past 30 days but was down 0.40% in the last 24 hours, trading near $74,005.

Bitcoin ETFs Extend 7-Day Inflow Streak

US-listed spot Bitcoin ETFs extended their winning streak on Wednesday after recording $335.8 million in net inflows. This was their seventh straight day of positive flows, a sign that institutional demand is strengthening.

Spot Bitcoin ETFs attracted roughly $1.9 billion over the current seven-session streak — which is much stronger than the previous seven-day run in March, which brought in about $1.2 billion. 

BTC ETF flows (Source: Fraside Investors)

BlackRock’s iShares Bitcoin Trust (IBIT) remained the dominant force, and pulled in $1.4 billion during the streak, or more than 73% of all inflows. IBIT now holds approximately 809,870 BTC, which is about 62% of all assets held across US spot Bitcoin ETFs. Meanwhile, Morgan Stanley’s Bitcoin Trust (MSBT) added momentum with $95 million during the period and has yet to post a daily outflow since launching on April 8.

The ETF demand comes as Bitcoin’s price continues recovering. BTC is up 11% over the past 30 days, and it recently reclaimed levels above $79,000 for the first time since late January. However, in the latest 24-hour session, Bitcoin showed some consolidation, trading near $74,005, down 0.40% on the day after earlier volatility. That mild pullback suggests short-term profit-taking even as the broader trend and ETF flows is still constructive.

BTC’s price action over the past 24 hours (Source: CoinCodex)

Combined, US-listed spot Bitcoin ETFs now hold around 1.3 million BTC, worth approximately $103 billion.

Ethereum products are also seeing renewed interest, with US-listed spot Ether ETFs posting a 10-day inflow streak totaling $633.6 million.

Despite the rebound, sentiment is still somewhat cautious. The Crypto Fear & Greed Index recently rose to 46, its highest level since late January, but still sits in “fear” territory.