Bitcoin ETFs make a major comeback with over $3 billion in inflows in one week, a first since March

Driven by institutional optimism and dizzying price forecasts for bitcoin, these massive flows mark a decisive turning point for the cryptocurrency market.

Bitcoin ETFs had their best week yet in terms of capital inflows, not to mention the first time since March that they managed to collect over $3 billion in a single week.

Bitcoin ETFs post best week yet as capital inflows exceed $3 billionThis week saw a strong return of capital flows to Bitcoin ETFs, which had their best week yet in terms of capital inflows. According to recent data, the 11 spot Bitcoin ETFs brought together an impressive influx of $3.06 billion, marking the first time since March that they managed to collect over $3 billion in a single week.

On April 25, the ETFs collected $380 million, thus sealing a streak of five consecutive days of inflows. The last similar week dates back to the week ending March 21. This momentum has transformed what was until now a volatile April into a positive month, with net flows reaching about $2.26 billion.

ETFs are in a true Bitcoin frenzy as flows can shift from 1st to 5th gear in no time. Also, interesting to note is that the "basis trades" are returning which can really vacuum up lots of liquidity (and may be a factor in the strong flows).

This week's performance is all the more remarkable given the recent setback with the SEC, which is reportedly planning to postpone its verdict on several highly anticipated spot bitcoin ETFs. This delay has disappointed many in the crypto community, especially as it continues a trend of postponements in an institutionally pivotal year for the cryptocurrency market.

BlackRock’s iShares Bitcoin ETF could become the largest ETF in the world in 10 years

This same product was recently crowned “Best New ETF” and “Crypto ETP of the Year” at the annual etf.com awards.

Highlighting the bullish sentiment further, during the Bitwise Invest Bitcoin Corporations Investor Day, founder of Strategy stated that iShares Bitcoin ETF (IVIT) would become the largest ETF in the world within 10 years.

Meanwhile, bitcoin’s price remains solid around $94,600, supported by a resurgence of institutional optimism. Moreover, ARK Invest has also raised its forecasts for 2030: in its bullish scenario, bitcoin could reach $2.4 million, up from $1.5 million previously. Even in the bearish scenario, bitcoin is now targeting $500,000.

As Bitcoin ETFs massively attract capital, institutional adoption seems to confirm bitcoin’s rise as the new digital gold. If this momentum continues, the most ambitious forecasts could quickly become reality, propelling BTC to new historic highs by the end of the decade.Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.