Bitcoin ETFs draw $819.7M inflows

U.S. spot Bitcoin exchange-traded funds pulled in about $823.7 million in the week ended April 24, extending their winning streak to four straight weeks. (walletpilot.com) (gncrypto.news) BlackRock’s iShares Bitcoin Trust, ticker IBIT, accounted for about $732.6 million of that weekly total. Ark & 21Shares’ ARKB added about $59.6 million, and Morgan Stanley’s MSBT brought in about $50.7 million. (walletpilot.com) (gncrypto.news) Not every fund shared in the rally. Grayscale’s GBTC saw roughly $59.0 million of weekly outflows, while Bitwise’s BITB lost about $13.7 million and VanEck’s HODL slipped by about $9.8 million. (walletpilot.com) (gncrypto.news) A spot Bitcoin exchange-traded fund holds bitcoin directly and lets investors buy exposure through a stock account instead of managing coins themselves. The weekly flows are a running tally of where that money is moving. (sosovalue.com) (walletpilot.com) The buying coincided with bitcoin trading just below $80,000. CoinGecko shows bitcoin closed at $78,645 on April 26, up from $76,350 on April 21 after a week of heavy ETF demand. (coingecko.com) Daily inflows had already stretched to eight straight sessions by April 23, with about $2.4 billion added over that run, according to SoSoValue data cited by CoinDesk and Invezz. (coindesk.com) (invezz.com) That streak slowed on April 24, when spot Bitcoin ETFs added about $14.45 million for a ninth straight positive day. WalletPilot’s tracker showed one-day net flows of about $14 million at the April 24 close. (bingx.com) (walletpilot.com) By April 24, U.S.-listed spot Bitcoin ETFs held about 1.322 million bitcoin with combined assets of about $102.7 billion, according to WalletPilot. IBIT alone held about 812,310 bitcoin, far more than any rival fund. (walletpilot.com) Bitcoin’s next test is whether fund inflows keep arriving after two failed pushes through $80,000. For now, the money is still coming in, but at a slower pace than the week’s headline total. (coingecko.com) (walletpilot.com)