Bitcoin draws $933M ETF inflows
- CoinShares said digital-asset investment products pulled in $1.2 billion in the week ended April 27, with Bitcoin alone attracting $933 million. - The report said Bitcoin year-to-date inflows reached $4 billion and total crypto fund assets climbed to $155 billion, the highest since Feb. 1. - The surge extended a fourth straight week of inflows as Bitcoin traded above $76,000 before this week’s macro-driven volatility. (coinshares.com)
Bitcoin drew $933 million of net inflows last week, leading a $1.2 billion haul for digital-asset investment products in CoinShares’ latest weekly report. (coindesk.com) (coinshares.com) CoinShares said the week marked a fourth straight stretch of positive flows across crypto funds. Bitcoin accounted for most of the money, while Ether added $192 million. (coindesk.com) (coinshares.com) The report put Bitcoin’s year-to-date inflows at $4 billion. Total assets under management across digital-asset products rose to $155 billion, the highest level since Feb. 1. (coindesk.com) (coinshares.com) That $933 million figure refers to weekly fund flows, not a single trading session. It covers global digital-asset investment products tracked by CoinShares, not just U.S. spot Bitcoin exchange-traded funds. (coindesk.com) (coinshares.com) Daily U.S. spot Bitcoin ETF data looked smaller at the end of last week. Farside Investors showed net inflows of $14.4 million on April 24 after $223.3 million on April 23 and $335.8 million on April 22. (farside.co.uk) The same Farside table showed BlackRock’s IBIT and Fidelity’s FBTC still dominating cumulative flows. Since launch, IBIT had taken in about $65.4 billion and FBTC about $11.0 billion as of April 24. (farside.co.uk) Bitcoin’s price action around the flows was not one-way. CoinDesk reported that Bitcoin reversed from about $79,500 on April 27 as oil prices jumped and broader crypto markets sold off. (coindesk.com) Another CoinDesk report said Bitcoin later pulled back toward $76,600 as traders weighed Iran risks, rising oil and profit-taking by short-term holders against fresh ETF and corporate demand. (coindesk.com) The backdrop is a market trying to separate steady institutional buying from fast-moving macro shocks. The inflow data showed money still entering Bitcoin funds even as price swings returned below $80,000. (coindesk.com 1) (coindesk.com 2) So the clean version of the story is narrower than the headline chatter: $933 million was a weekly Bitcoin fund inflow figure, and the price still fell back when oil and geopolitics hit risk appetite. (coindesk.com 1) (coindesk.com 2)
