Spot Bitcoin ETFs trading in the United States have notched seven consecutive days of net inflows, highlighting sustained interest from institutional investors. The latest data shows that the combined spot Bitcoin ETF holdings have reached approximately 1.3 million BTC, corresponding to a total market value of about 103 billion dollars.
Dominance of IBIT
The iShares Bitcoin Trust (IBIT), offered by asset management giant BlackRock, has maintained its clear lead among Bitcoin ETFs. Over just the last seven trading sessions, IBIT alone attracted 1.4 billion dollars of fresh inflows, accounting for more than 73% of all investments across spot Bitcoin ETFs. Currently, IBIT’s portfolio holds around 809,870 BTC, representing 62% of all spot Bitcoin ETF assets in the U.S.
BlackRock is one of the world’s largest asset management firms, responsible for portfolios worth billions of dollars. IBIT has quickly become one of the premier vehicles for gaining exposure to Bitcoin, especially during periods of market volatility and high demand for liquidity.
Institutional interest has not been limited to BlackRock. Morgan Stanley has also emerged as a key player with its Bitcoin Trust fund, launched in early April. This fund (MSBT) has seen inflows totaling 95 million dollars and has yet to record a single day of net outflows since its inception.
Inflow surge nears new highs
Demand from U.S.-based institutional investors has been particularly robust in recent weeks. Over the last seven sessions, spot Bitcoin ETFs in the U.S. drew a combined 1.9 billion dollars in inflows. This volume surpasses the previous seven-day record set in March, when total inflows stopped at 1.2 billion dollars.
Consistent interest in ETFs has lent support to Bitcoin’s ongoing price recovery. Over the past 30 days, Bitcoin has risen by 11%, and recently crossed above 79,000 dollars for the first time since the end of January.
Price action and market sentiment
Despite Bitcoin dropping 0.40% within the last 24 hours to trade near 74,005 dollars, this minor dip is largely seen as the result of short-term profit-taking. ETF-driven inflows and an overall positive trend suggest the market structure remains robust.
According to CryptoAppsy, Bitcoin is trading around the 74,005 dollar mark. In total, spot Bitcoin ETFs in the U.S. hold 1.3 million BTC, securing a position with a combined valuation of 103 billion dollars.
There has also been renewed investor attention on Ethereum-focused products. U.S.-listed spot Ether ETFs have seen 633.6 million dollars in inflows over the last ten consecutive sessions, putting Ether back in the focus for both retail and institutional participants.
Yet, despite these movements, overall optimism in the market remains tempered. The Crypto Fear and Greed Index has climbed to 46, marking its highest level since late January. Nonetheless, it continues to sit within the “fear” zone, indicating persistent caution among market participants.
Over the last seven trading sessions, U.S.-listed spot Bitcoin ETFs attracted a total of 1.9 billion dollars. The IBIT fund collected 1.4 billion dollars during this period, dominating the space, with its holdings reaching 809,870 BTC.
