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Reading: Investors Pour $591 Million into Bitcoin ETFs, Sparking Price Surge
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COINTURK NEWS > Bitcoin (BTC) > Investors Pour $591 Million into Bitcoin ETFs, Sparking Price Surge
Bitcoin (BTC)

Investors Pour $591 Million into Bitcoin ETFs, Sparking Price Surge

In Brief

  • Spot Bitcoin ETFs attracted $591 million in net inflows in a week.

  • Bitcoin price regained stability, briefly exceeding $95,000.

  • Institutional interest in ETFs shows significant recovery amid low volatility.

Fatih Çetin
Fatih Çetin 2 years ago
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The U.S.-based spot Bitcoin ETFs concluded their first trading day of the week with a significant net inflow of $591.3 million, marking the seventh consecutive day of positive performance. The stability of Bitcoin (BTC) $77,904 above $94,000 has kept investor interest alive, especially highlighted by the remarkable performance of BlackRock’s ETF, IBIT.

Contents
Only IBIT Fund Attracts InvestmentBitcoin Price Approaches $95,000

Only IBIT Fund Attracts Investment

According to SoSoValue data, among 12 different spot Bitcoin ETFs in the U.S., only BlackRock’s IBIT fund managed to attract investment. On Monday, the fund contributed the largest net inflow of $970.9 million to the ETFs. In contrast, other major funds experienced outflows.

The ARKB fund, a partnership between ARK and 21Shares, saw an outflow of $226.3 million, while Fidelity’s FBTC fund experienced a withdrawal of $86.9 million. Additionally, Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL funds were also included among those where investors opted to take profits.

Bitcoin ETF

Overall trading volume also decreased. After reaching $3.3 billion on the last trading day of the previous week, the volume dropped to $2.4 billion on Monday. However, the cumulative net inflow into ETFs reached an impressive $39.02 billion, the highest level since February 24.

Bitcoin Price Approaches $95,000

Intense interest in ETFs has brought stability to the Bitcoin price. Trading at $94,359 with a slight 0.2% increase on Monday, the leading cryptocurrency briefly surpassed $95,000. This price movement illustrates the impact of demand driven by ETFs.

Last week, spot Bitcoin ETFs recorded a total inflow of $3 billion. This marks the highest weekly inflow since November 2024. Investors are increasingly gravitating toward more resilient and institutional-grade instruments in response to regulatory changes.

Meanwhile, Ethereum $2,267 also saw activity. Spot Ethereum ETFs maintained a positive trend for the third consecutive day, securing $64.1 million in net inflow to attract investor support. Ethereum’s price, however, dipped slightly, trading at $1,793.

In general, there is a notable recovery in institutional interest flowing through ETF channels. This trend tends to strengthen further during periods of reduced price volatility.

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Fatih Çetin 29 April, 2025 - 10:31 am 29 April, 2025 - 10:31 am
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