Emre Yumlu 
Spot Bitcoin ETFs traded in the United States recorded over $3 billion in inflows this week, marking their first complete week of net gains after a five-week dry spell.
As of April 25, the 11 spot Bitcoin ETFs collectively saw $380 million in daily inflows. Total inflows for the week climbed to approximately $3.06 billion. The last time Bitcoin ETFs recorded five straight days of positive inflows was the week ending March 21.
April Turns Positive as Inflows Accelerate
ETF analyst Eric Balchunas highlighted this sharp reversal in an April 24 post on X, stating that “Bitcoin ETFs are partying right now.”
Balchunas emphasized how quickly the inflows shifted from first to fifth gear, suggesting that part of this momentum could be fueled by a renewed interest in “basis trade” strategies.
Throughout April, Bitcoin ETFs navigated a volatile market amid ongoing macroeconomic uncertainties. Although 9 of the 18 trading days recorded net outflows, the strong inflows of the past week have flipped the monthly total back to positive territory.
At present, total net inflows for April stand at roughly $2.26 billion.
On the same day, MicroStrategy founder Michael Saylor shared an ambitious prediction at the Bitwise Invest Bitcoin Corporations Investor Day, stating that BlackRock’s iShares Bitcoin ETF could become “the largest ETF in the world within the next decade.”
BlackRock’s IBIT Collects Top Honors
Just days earlier, on April 23, BlackRock’s IBIT was crowned “Best New ETF” at the annual ETF awards. In addition, IBIT secured the title of “Crypto ETP of the Year,” further boosting its reputation among institutional investors.
Meanwhile, Bitcoin’s spot price continues to hover around the $95,000 mark. As of the time of writing, Bitcoin was trading at $94,613, according to CoinMarketCap data.
Institutional players are also ramping up their bullish projections.
Billion-dollar asset manager ARK Invest recently raised its bull case price target for Bitcoin from $1.5 million to $2.4 million by the end of 2030. The revision is driven by Bitcoin’s growing acceptance as “digital gold” and stronger institutional demand.
ARK Invest also adjusted its bear and base case forecasts, increasing them to $500,000 and $1.2 million respectively.
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