Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) Market Update: Inflow Surges

In a significant turn of events for the cryptocurrency market, the exchange-traded funds (ETFs) that are based on spot Bitcoin and listed in the United States saw their inflows last week surge massively, adding 31,323 BTC—roughly valued at $2.9 billion.

This uptick in inflow can now be recorded as the fifth-largest in terms of Bitcoin volume on an ETF. However, this surge in inflow was even more impressive when observed in dollar terms—this addition barely missed being the largest on foot, lagging only the $3.33 billion from November 18, 2024, and the $2.91 billion from December 1, 2024.

A glance at the chart from Glassnode reveals that the last time institutions displayed such a strong interest in Bitcoin was during the last bull market in 2024. Since the beginning of this year, the price of Bitcoin has remained quite high, surpassing $30,000 per coin, and institutions are now involved.

Last week, U.S. spot #Bitcoin ETFs recorded a net inflow of 31,323 $BTC, equivalent to approximately $2.9 billion. In #BTC terms, it was the fifth-largest weekly inflow on record.

But in $ terms, the addition was clocked as the third-largest on record, lagging only the $3.33 billion from November 18, 2024, and the $2.91 billion from December 1, 2024 pic.twitter.com/PbQ8rUTJQB

— glassnode (@glassnode) April 28, 2025

A glance at the chart from Glassnode reveals that the last time institutions displayed such a strong interest in Bitcoin was during the last bull market in 2024. Since the beginning of this year, the price of Bitcoin has remained quite high, surpassing $30,000 per coin, and institutions are now involved.

This capital is entering the market at high price levels, which is a crucial point. Typically, when institutions enter the Bitcoin market, they do so during corrections or periods of relative stagnation, seeking lower entry points. However, the figures from last week suggest that Bitcoin is an institutional “buy” at current price levels.

Bitcoin ETFs have become increasingly popular investment vehicles for institutional players who wish to gain exposure to Bitcoin but prefer not to deal with the cryptocurrency directly. These vehicles make it easy for such investors to enter the Bitcoin market while remaining in a regulatory environment and custodial arrangement with which they are comfortable.

At the same time, these institutions are diversifying portfolios. They could look at anything, but here we are with Bitcoin being a primary candidate, especially given its potential as a long-term store of value and a non-correlated asset that’s more likely to hold firm in an uncertain macroeconomic environment.

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