26-4-2025 – A torrent of capital, exceeding $3 billion, surged into spot Bitcoin exchange-traded funds (ETFs) in the United States this week, marking the first uninterrupted five-day streak of inflows in over a month. Data from Farside reveals that on April 25 alone, the 11 spot Bitcoin ETFs attracted $380 million, culminating in a weekly haul of $3.06 billion. This robust performance echoes the last such streak, which ended on March 21, and has flipped April’s ledger into positive territory, with net inflows for the month now standing at $2.26 billion.
The cryptocurrency market, often a barometer of broader financial currents, has navigated a turbulent April, with outflows dominating nine of the 18 trading days thus far. Yet, this week’s influx has rewritten the narrative, driven by what ETF analyst Eric Balchunas described as a market shifting “from first gear to fifth” with breathtaking speed. In a post on X on April 24, Balchunas attributed part of this momentum to the resurgence of the “basis trade,” a strategy capitalising on price discrepancies. This rapid pivot underscores the market’s volatility amid lingering macroeconomic uncertainties.
Bitcoin’s spot price, meanwhile, remains resilient, oscillating around $94,613, as reported by CoinMarketCap. Institutional confidence in the cryptocurrency continues to swell. Billion-dollar asset manager ARK Invest recently revised its Bitcoin price projections, elevating its “bull case” target to $2.4 million by 2030, up from $1.5 million, citing growing institutional embrace and Bitcoin’s emerging status as “digital gold.” Even its more conservative forecasts have been adjusted upwards, with a “base case” of $1.2 million and a “bear case” of $500,000, reflecting a deepening belief in Bitcoin’s long-term potential.
The spotlight also falls on BlackRock’s iShares Bitcoin ETF (IBIT), which has emerged as a titan in the ETF arena. On April 23, IBIT clinched the “Best New ETF” and “Crypto ETP of the Year” accolades at the etf.com ETF awards, cementing its stature. Michael Saylor, founder of Strategy, declared at the Bitwise Invest Bitcoin Corporations Investor Day that IBIT is poised to become “the biggest ETF in the world” within a decade, a bold prophecy underscoring the transformative potential of cryptocurrency investment vehicles.
