US spot Bitcoin ETFs have logged eight consecutive days of net inflows totaling $2.1 billion through April 23, the longest inflow streak since the nine-day October 2025 run that carried Bitcoin to its $126,000 all-time high, with BlackRock’s IBIT responsible for roughly 75% of all capital entering the category.
Summary
- US spot Bitcoin ETFs recorded eight straight days of net inflows totaling $2.1 billion through April 23, per SoSoValue data, the longest streak since October 2025.
- BlackRock’s IBIT captured approximately 75% of all inflows during the streak, adding $1.4 billion and pushing its total Bitcoin holdings to 809,870 BTC.
- Bitcoin climbed 12% from $68,000 to $77,000 during the same period, with ETF flows and the price move tracking almost perfectly in parallel.
US spot Bitcoin ETFs have now logged eight straight days of net inflows totaling $2.1 billion through April 23, according to SoSoValue data cited by 247 Wall St., which reported the streak as the longest since the nine-day October 2025 run that took Bitcoin to its all-time high of $126,198. April 23 alone brought $223.21 million in net inflows, with BlackRock’s IBIT contributing $167.49 million, roughly 75% of the day’s total.
Bitcoin ETF Inflows BlackRock IBIT Streak Matches Pre-ATH Pattern
As crypto.news reported, IBIT led April 23 flows with $167.5 million while funds from Ark Invest and 21Shares, Morgan Stanley, and Grayscale also recorded positive flows. Fidelity’s FBTC was the one meaningful source of outflows at $16.93 million, while Bitwise and VanEck also saw modest redemptions. IBIT now holds 809,870 BTC, representing approximately 62% of total assets held across all US-listed spot Bitcoin ETFs. The fund’s net assets have reached $63.14 billion, placing it in the top 1% of all US-listed ETFs by inflows, a ranking that covers the entire fund universe, not just crypto products. Bitrue Research Lead Andri Fauzan Adziima noted that Bitcoin dominance has moved above 60% for the first time this year, a signal that capital is rotating toward Bitcoin specifically rather than the broader digital asset market.
What Is Driving the Eight-Day Inflow Streak
The streak began in mid-April following Trump’s extension of the Iran ceasefire, which lifted risk sentiment broadly and pushed Bitcoin from approximately $68,000 toward $78,000. As crypto.news documented, Bitcoin has gained roughly 11% over the past 30 days as ETF demand returned alongside improved macro sentiment, with the products adding $335.8 million on a single day during the early stages of the streak. The ETF flows and Bitcoin’s price move have tracked almost perfectly in parallel, with the funds absorbing roughly 19,000 BTC over the eight days at a time when miners produced approximately 2,100 BTC, meaning institutional demand absorbed about nine times new supply during the streak. Cumulative ETF net inflows since launch now sit at $58 billion with total assets at $102 billion, representing approximately 6.5% of Bitcoin’s total market cap.
Why the Comparison to October 2025 Matters
The last time Bitcoin ETFs logged a comparable inflow streak was October 2025, a nine-day run that preceded Bitcoin’s move to its all-time high of $126,198. As crypto.news tracked, April 17 was the most active single day of the current cycle, generating over $663 million in net inflows into spot Bitcoin ETFs with IBIT absorbing $907.97 million across the full week of April 13 to 17, accounting for 91% of all Bitcoin ETF flows that week. Whether the current eight-day streak leads to a similar breakout or fades as the Iran ceasefire situation remains unresolved is the central question now facing Bitcoin traders, with the FOMC meeting on April 28 and 29 representing the next significant macro test for the rally.
April’s total Bitcoin ETF inflows of $2.43 billion are already nearly double March’s $1.32 billion haul, with the streak positioning the category for its strongest month since the October 2025 all-time high run.
