BTC/USD: Bitcoin ETFs Keep Crushing Records with $9 Billion Picked Up in Five Weeks

Record prices, record inflows — what’s not to like? Bitcoin has never been hotter and institutions are finally in on it.

🔥 Record Inflows into BTC ETFs

• Bitcoin BTCUSD is quickly turning into a highly-coveted asset for institutional investors. Over the past five weeks (and that’s when we got the record high), inflows into all 11 Bitcoin exchange-traded funds hit a record $9 billion.
• BlackRock’s iShares Bitcoin Trust IBIT has become the institutional darling, pulling in the bulk of that hulking amount.

🏰 BlackRock Towering Over BTC ETF Space

• With just over $71 billion in assets under management, BlackRock’s BTC ETF is now the 23rd largest ETF in the US, according to data compiled by Bloomberg.
• On April 29 alone, IBIT picked up more than $970 million in inflows, its second-largest single-day haul since inception back in January last year. What’s even more impressive is that the fund hasn’t had a down day since — a string of 33 days of green.

🐋 Bitcoin Out There with Big Fish

• Bitcoin ETFs are no longer a sideshow — they’re now a mainstream financial vehicle, with flows that rival major equity and bond ETFs.
• This realization has helped turbocharge Bitcoin’s price action, with the digital asset up more than 50% from its April lows.

👀 What’s Special About ETFs?

• The ETF format offers regulatory cover and ease of access, making it the perfect gateway for conservative money to join the Bitcoin rally.
• In other words, you don’t need to be a crypto bro to get a piece of the pie. Gone are the days of wallet keys and cold storage debates — now it’s just ticker symbols and portfolio rebalancing.
• All of this comes amid record-breaking price moves, with Bitcoin hitting new highs near $112,000 last week. On Friday, prices had retreated slightly and were trading near $105,000 per coin.