Bitcoin ETF inflows and Strategy’s $2.5B BTC purchase show steady demand despite short-term price consolidation.
Spot Bitcoin ETFs continued to draw steady capital this week, reflecting sustained institutional interest. Daily inflows remained positive even as price action cooled slightly from recent highs. Market participants are closely watching flows as a signal of underlying demand.
Bitcoin ETF Demand Persists With 8-Day Inflow Run
In the past 8 days, investors are consistently putting money into Bitcoin ETFs. Onchain data shows that the spot BTC ETFs recorded $223 million in net inflows on April 23, marking the eighth consecutive day of positive flows.
Over the past seven days, total inflows reached $1.9 billion, pointing to consistent capital allocation into Bitcoin exposure. BlackRock’s IBIT led the day with $167 million in inflows, pushing its cumulative total to $1.67 billion.
Image Source: SoSoValue
Furthermore, Ark Invest and 21Shares’ ARKB followed with $71.22 million, bringing its historical inflows to $1.619 billion. On the other hand, Fidelity Investments’s FBTC posted the largest daily outflow at $16.9 million.
Despite that, FBTC still holds over $11 billion in cumulative inflows. Across all spot Bitcoin ETFs, total assets now stand at $102.79 billion. That equals about 6.59% of Bitcoin’s total market value. Since these ETFs launched, they have attracted a combined $58.21 billion in net inflows.
Ethereum ETFs broke a 10-day inflow streak with a $75.9 million net outflow, suggesting short-term rotation rather than a structural shift.
Strategy’s Massive Buy Reinforces BTC’s Push Toward $80K
Bitcoin price action remains stable despite the recent pullback. After briefly touching $79,000 earlier in the week, BTC now trades near $77,700. Holding above the $76,000 level has reinforced expectations of another attempt toward $80,000.
Image Source: CoinMarketCap
Bitcoin demand continues to show strength across multiple channels, including direct corporate accumulation. Michael Saylor’s Strategy purchased 34,164 BTC for about $2.54 billion. That accumulation adds another layer of support to current market structure.
