Bitcoin ETF inflows streak just hit its seventh straight day on April 23. US‑listed spot Bitcoin ETFs added $335.8 million on that day alone. Over the full seven‑day period, the funds pulled in a staggering $1.9 billion.
The streak comes as Bitcoin’s price improves. BTC briefly rose above $79,000 on Wednesday – its highest level since late January. Over the last 30 days, Bitcoin has gained about 11%. So, demand is heating up in both the spot market and the ETF market.
Why the Bitcoin ETF Inflows Streak Matters
BlackRock’s iShares Bitcoin Trust (IBIT) is leading the charge. During the seven‑day streak, IBIT attracted about $1.4 billion – that’s over 73% of total net inflows. IBIT now holds roughly 809,870 Bitcoin, giving it about 62% of all assets in US‑listed spot Bitcoin ETFs. BlackRock remains the main driver of institutional demand.
Morgan Stanley’s Bitcoin Trust (MSBT) is also making waves. The fund posted $95 million in inflows during the seven‑day period. Since its April 8 launch, MSBT has recorded about $163 million in net inflows – and it hasn’t posted a single day of outflows yet. Impressive.
Not every fund is winning. The Grayscale Bitcoin Trust (GBTC) led redemptions with around $100 million in outflows. So, while fresh money enters, some investors are still rotating out of older products.
Ether ETFs Join the Party
US‑listed spot Ether ETFs also showed strength. They posted a 10‑day inflow streak totaling $633.6 million. According to CoinShares, ETH investment products recently turned positive on a year‑to‑date basis.
Market sentiment is improving, but caution remains. The Crypto Fear & Greed Index rose to 46 – its highest since late January. Still, that’s “fear” territory. Bitcoin remains down about 11% year‑to‑date, even after the rebound.
My Thoughts
This is what a quiet institutional accumulation looks like. Seven straight days of inflows, $1.9 billion – that’s not retail FOMO. That’s smart money positioning for the next leg up. The fact that MSBT hasn’t seen a single outflow day since launch tells me Morgan Stanley’s clients are long‑term believers. BlackRock’s dominance is staggering – IBIT alone holds 62% of all ETF BTC. That’s a lot of centralization risk but also a lot of credibility. The Fear & Greed Index at 46 is the real tell: retail is still scared. When that flips to greed, we could see a parabolic move. For now, follow the institutions.
