CryptoSlate
US spot Bitcoin ETFs have recorded nine consecutive days of net inflows through April 24, their longest positive run of the year. The streak has added roughly $2.12 billion since April 14 — the strongest sustained flow since last October — lifting total net assets to about $101 billion, or approximately 6.57% of Bitcoin's entire market cap.
BlackRock's iShares Bitcoin Trust drove the bulk of the move, pulling in around $1.6 billion over the period. Morgan Stanley's Bitcoin Trust contributed roughly $115 million and Grayscale's BTC product added more than $73 million. Bloomberg ETF analyst Eric Balchunas noted that IBIT's recent intake ranks among the strongest across the broader ETF market.
The renewed demand gives Bitcoin a clearer support base than it had during the prior correction, with the asset trading near $77,858 — up about 11% over the past month. Analysts at Ecoinometrics…
Frequently asked questions
-
What impact do these inflows have on Bitcoin's price stability?
The renewed demand from US Bitcoin ETFs provides a clearer support base for Bitcoin, contributing to its recent price stability and a rise of about 11% over the past month.
-
How do the inflows compare to previous periods of ETF activity?
This nine-day inflow streak is the longest positive run of the year and represents the strongest sustained flow since last October.
CoinDesk
Crypto News
TheBlock
Crypto Rank News
WuBlockchain
CoinTelegraph
Lookonchain