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This week saw a massive influx of capital into Bitcoin ETFs listed in the US, including nearly $1 billion on Tuesday.
Bloomberg reported that this rush led to weekly inflows of $1.2 billion. Total assets under Management (AUM), meanwhile, reached $103 billion. The investment deluge occurred while Bitcoin’s price rose above $93,000, reaching $93,700 – its highest since early March.
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BlackRock Fund is still the top dog in its class among competitors
BlackRock’s iShares Bitcoin Trust IBIT is still at the top with inflows totaling $2.7 Billion. Last week, the fund received another $346 millions.
Ark Invest ARKB’s and Grayscale Bitcoin Funds are both significantly lower with inflows to date of only $410.41m and $385.31m respectively.
But not all is well. Grayscale’s GBTC saw $1.18bn of outflows from January onwards, which is against the general positive trend.
Spot bitcoin ETFs went Pac-Man yesterday. +$936m. $1.2b in a week. It is also notable that 10 out of 11 originals took cash as well. A good indication is the difference in flow volume versus say. $IBIT Doing 90% of the work. Pricing up $93.5k. All things considered, I think it’s a pretty good deal. pic.twitter.com/HeLwffgT8F
— Eric Balchunas (@EricBalchunas) April 23, 2025
Broader Participation Reflects a Growing Confidence in Institutional Leadership
Bloomberg Senior ETF Analyst Eric Balchunas said that ten of the 11 Bitcoin ETFs have seen fresh inflows this week. They are on the move “Pac-Man mode”The analyst told X. The broad participation indicates that institutions are spreading out their investments across a number of funds instead of concentrating on just one.
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 Lose Their Streak As XRP Takes Over
Ethereum investments seem to be struggling as Bitcoin linked investments flourish. CoinShares reports that investment products focused on Ethereum have lost another $26.7 millions in the last week.
The eight-week total of $772 millions is a huge amount. Ethereum still ranks second in year-to date inflows despite the continued outflow.
The Short Bitcoin Product Under Continuous Pressure
The short Bitcoin market is experiencing a squeeze. The short BTC product had its seventh week in a row of losses, as $1.2m left these funds.
CoinShares data show that these short bets have now lost $36 million over seven weeks – 40% of their assets under management. Bitcoin’s recent strength in price is consistent with the ongoing withdrawals of short positions.
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The only alternative coin that is not affected by this trend, XRP, attracted more than $37 Million in investment last week. This was the third-highest amount of money invested so far for the year, with $214 millions. It is a trend that defies most altcoins which are under selling pressure.
All of the new investment money pouring into Bitcoin ETFs is probably the most clear sign that financial institutions have begun to accept cryptocurrency as an asset.
In just one single day, almost $1 billion was brought into the market. The mainstream has now accepted this asset class to a greater extent.
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Source: www.newsbtc.com
