Bitcoin ETFs pull $2B inflows

U.S. spot Bitcoin exchange-traded funds pulled in about $2.11 billion across nine consecutive trading sessions ending April 24. (farside.co.uk) Farside Investors’ daily flow table shows net inflows every session from April 14 through April 24, starting with $411.4 million on April 14 and peaking at $663.9 million on April 17. (farside.co.uk) The run followed a sharp reversal from April 13, when the same products posted a combined $291.0 million net outflow. (farside.co.uk) BlackRock’s iShares Bitcoin Trust, trading as IBIT, supplied the biggest share of the rebound with about $1.60 billion of the nine-day total. Fidelity’s FBTC added roughly $150 million over the same stretch. (farside.co.uk) (blackrock.com) (fidelity.com) IBIT’s own product page says it has been the most traded U.S. spot Bitcoin exchange-traded product since launch on January 11, 2024. That liquidity has helped make it the main vehicle for large allocations when flows turn positive. (blackrock.com) The inflow streak landed as corporate Bitcoin buyers were also stepping up. Metaplanet listed a disclosure on April 24 for the issuance of its 20th series of ordinary bonds, and Japanese-language filings show the deal at ¥8 billion, or about $50 million. (metaplanet.jp 1) (metaplanet.jp 2) Metaplanet said on its website that it is Japan’s largest corporate holder of Bitcoin and describes itself as a Bitcoin treasury strategy company. (metaplanet.jp) The April numbers still sit inside a weaker year for Bitcoin prices. BlackRock’s IBIT page showed a year-to-date net asset value return of negative 9.69% as of April 22, even as fresh money kept coming in. (blackrock.com) That leaves the latest ETF surge looking less like a one-day trade and more like a renewed allocation wave: steady buying, led by BlackRock, after a brief April pullback. (farside.co.uk)