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Capital poured into US-listed Bitcoin exchange-traded funds this week, with Tuesday alone witnessing nearly $1 billion in fresh cash.
The rush propelled weekly inflows to $1.2 billion and total assets under management (AUM) to $103 billion, based on Bloomberg data. The investment deluge occurred while Bitcoin’s price rose above $93,000, reaching $93,700 – its highest since early March.
BlackRock Fund Remains Top Dog Among Rivals
BlackRock’s iShares Bitcoin Trust (IBIT) remains at the forefront with year-to-date inflows of $2.7 billion. The fund took in another $346 million last week alone.
Ark Invest’s ARKB and Grayscale’s Bitcoin funds lag behind with significantly smaller year-to-date inflows of $410.41 million and $385.31 million.
Not everything is coming up roses, however. Grayscale’s GBTC has seen $1.18 billion of outflows since January, going against the overall positive tide.
The spot bitcoin ETFs went Pac-Man mode yesterday, +$936m, $1.2b for week. Also notable is 10 of 11 of the originals all took in cash too. Good sign to see flow depth vs say $IBIT doing 90% of the lifting. Price up $93.5k. Pretty strong all things considered IMO. pic.twitter.com/HeLwffgT8F
— Eric Balchunas (@EricBalchunas) April 23, 2025
Increasing Institutional Confidence Reflected In Broad Participation
Ten of 11 spot Bitcoin ETFs saw inflows of fresh funds this week, Bloomberg senior ETF analyst Eric Balchunas reported. They’re going “Pac-Man mode”, the analyst said on X. That broad-based involvement indicates institutional players are diversifying their bets into several funds rather than focusing on one or two.
The value traded across all Bitcoin spot ETFs totaled $496 million, while net assets in them now represent nearly $57 billion – equivalent to around 2.80% of Ethereum’s market cap.
Ethereum Products Keep Losing Streak While XRP Shocks
As Bitcoin-linked investments thrive, Ethereum products simply can’t seem to get a break. According to reports from CoinShares, investment products centered around Ethereum lost yet another $26.7 million last week.
This takes their eight-week outflow amount to a mind-boggling $772 million. Even in the face of this continued outflow, Ethereum remains in second place for year-to-date inflows at $215 million.
Short Bitcoin Products Under Ongoing Pressure
Short Bitcoin products are experiencing the squeeze. Short BTC products had their seventh consecutive week of outflows, with $1.2 million exiting these funds.
CoinShares data show that these short bets have now lost $36 million over seven weeks – 40% of their assets under management. The ongoing outflows from short positions are consistent with Bitcoin’s recent price strength.
XRP is the only exception among alternative coins, and its investment products attracted over $37 million last week, the third highest for year-to-date inflows on $214 million. This defies the trend observed in most of the other altcoins, which still face selling pressure.
Certainly, all of this new money being poured into Bitcoin ETF investments is perhaps the clearest sign yet that traditional financial institutions are coming around to cryptocurrency as an asset class.
We’re talking almost $1 billion coming into the market in just one day: this looks like the dawn of a new era in which acceptance of the asset class by the mainstream is even greater.
Featured image from Wallpapers.com, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
