Despite strong capital inflows into U.S. Bitcoin spot ETFs, Bitcoin (BTC) has dipped below the $94,000 mark, reflecting a disconnect between institutional accumulation and short-term market price action. The latest data highlights growing institutional interest in Bitcoin through ETFs, even as market volatility persists.
U.S. Bitcoin Spot ETFs Post Record Weekly Inflows
For the week ending April 25, 2025, U.S. Bitcoin spot ETFs recorded a staggering $3.06 billion in net inflows — their strongest weekly performance since November 2024. This surge underscores a powerful rebound in investor sentiment after a period of mixed flows earlier in the month.
According to data from SoSoValue, the combined Bitcoin ETF products now collectively hold $109.27 billion in total net assets, representing approximately 5.8% of Bitcoin’s total market capitalization.
BlackRock’s IBIT Leads the Charge
BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the Bitcoin ETF landscape, posting $240.15 million in daily inflows and amassing $56.03 billion in total assets under management (AUM). Since its inception, IBIT has accumulated $41.20 billion in cumulative net inflows, solidifying its leadership position among Bitcoin ETFs.
Following closely behind, Fidelity’s FBTC secured $108.04 million in daily inflows, reaching a total of $19.12 billion in net assets. Other notable performers include:
- ARKB (ARK 21Shares Bitcoin ETF): $11.39 million daily inflows
- Grayscale’s BTC Trust (GBTC): $19.87 million inflows (despite ongoing overall outflows)
While Grayscale’s GBTC product converted from a trust to an ETF has faced cumulative outflows of $22.69 billion since its conversion, the broader ecosystem continues to attract significant new capital.
Trading Activity Surges
Trading volume in Bitcoin ETFs also surged alongside inflows. The total value traded for the week stood at $18.76 billion, compared to just $7.15 billion the previous week highlighting renewed market activity and growing investor participation.
The cumulative total net inflow across all Bitcoin spot ETFs now stands at $38.43 billion since their launch, reflecting the strong appetite among both institutional and retail investors for regulated Bitcoin exposure.
Bitcoin Price Action: Temporary Divergence?
Despite the influx of new capital into spot ETFs, Bitcoin’s spot price fell below $94,000 on Sunday, pulling back from recent highs. According to CoinGecko, Bitcoin remains in the red in the short term.
This divergence between ETF inflows and spot price could suggest broader market factors at play, such as macroeconomic uncertainty, profit-taking from short-term traders, or technical resistance levels. Historically, however, strong ETF inflows have tended to support Bitcoin’s price over longer timeframes.
Final Thoughts
The latest data paints a bullish longer-term picture for Bitcoin adoption through spot ETFs, even as short-term price volatility persists. With more than $3 billion flowing into Bitcoin ETFs in just one week, institutional appetite remains strong. As ETFs continue to accumulate a growing share of Bitcoin’s total market cap, many investors believe that sustained inflows could eventually help drive Bitcoin to new all-time highs.
