It seems the Bitcoin ETFs in the United States have suddenly caught a bit of a “wild streak.” With over $3 billion flooding in this week, it’s the first full week of inflows in a whole five weeks. Who knew these digital funds could be so… unpredictable?
On April 25, the 11 spot Bitcoin (BTC) ETFs saw a solid $380 million in inflows, pushing the total for the week to an impressive $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had such a full week of inflow days? March 21. A lifetime ago, really.
April Gets a Boost, Thanks to the Bitcoin Party
ETF analyst Eric Balchunas, ever the optimist (or perhaps just too caffeinated), wrote on April 24 on X that “ETFs are on a Bitcoin bender.” No, seriously, he said that. As if Bitcoin could head to a bar and down shots of liquidity.
“What’s really striking here is how fast the flows went from crawling in first gear to roaring in fifth,” Balchunas added, not even pretending to be surprised. But don’t get too comfortable—he predicts some of this surge is thanks to the “basis trade back in effect.” So, brace yourselves.
Now, let’s be real: April’s been a wild ride. With nine out of 18 trading days marked by outflows, Bitcoin ETFs have been feeling the financial rollercoaster. Yet, despite all this chaos, it’s somehow turned into a positive month, with net inflows for April pushing to a respectable $2.26 billion. Well, that’s one way to bounce back.
Meanwhile, Strategy founder Michael Saylor couldn’t resist making an ambitious prediction at the Bitwise Invest Bitcoin Corporations Investor Day. He claims BlackRock’s iShare Bitcoin ETF (that’s IBIT for short) “will be the biggest ETF in the world in ten years.” Bold, Michael. Very bold. No pressure.
Just two days before, on April 23, BlackRock’s iShare Bitcoin ETF was awarded the “Best New ETF” at the annual etf.com ETF awards. It even snagged the “Crypto ETP of the Year” award, as if it needed another trophy to make the rest of us feel inadequate.
As for Bitcoin’s price? It’s chilling at around $95,000—currently trading at $94,613 (according to CoinMarketCap). So, not much change… yet. But institutions are starting to raise their bullish price targets. The billion-dollar asset manager ARK Invest, for instance, just bumped its “bull case” target from $1.5 million to $2.4 million by 2030. You know, just a little hop in the price, no big deal.
ARK’s “bear” and “base” cases for Bitcoin are also on the rise, now sitting at $500,000 and $1.2 million, respectively. If that doesn’t get you excited about Bitcoin’s future, I don’t know what will. You might need a drink—or maybe just a Bitcoin.
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2025-04-26 08:48