Investor appetite for Bitcoin ETFs soared last week, attracting over $3 billion in fresh capital despite the leading cryptocurrency’s price struggling below $94,000. This marks the strongest weekly performance for these funds since late 2024.
The significant capital influx occurred even as Bitcoin (BTC) experienced a price dip, falling under the $94,000 mark over the weekend and remaining under pressure.
Collectively, these U.S.-based spot Bitcoin ETF products now command substantial holdings, representing nearly 5.8% of Bitcoin’s total market value with combined net assets exceeding $109.27 billion, according to market data aggregators.
This renewed investor enthusiasm follows a period of inconsistent flows. The week ending April 25, 2025, saw $3.06 billion pour into these ETFs, a stark contrast to the $713.30 million in net outflows just two weeks prior (week ending April 11) and a modest $15.85 million inflow the following week (ending April 17).
[Total Bitcoin Spot ETF History Data, Source: SoSoValue]
BlackRock’s IBIT fund continues to dominate, attracting $240.15 million in a single day (April 25) and reinforcing its status as the largest player with $56.03 billion managed. Since its inception, IBIT has accumulated an impressive $41.20 billion in net inflows.
Fidelity’s FBTC secured a strong second place with $108.04 million in daily inflows, bringing its total net assets to $19.12 billion. Other notable daily contributions came from ARK 21Shares’ ARKB ($11.39 million) and Grayscale’s Bitcoin product (BTC) ($19.87 million).
However, Grayscale’s converted GBTC fund persists as a counterpoint, shedding another $7.53 million on April 25. Since converting from its original trust structure, GBTC has seen cumulative outflows reach a significant $22.69 billion.
Trading activity surrounding these crypto investment vehicles also intensified, reflecting heightened market interest. The total weekly value traded hit $18.76 billion, more than double the $7.15 billion recorded the week before. Considering this surge in activity might be relevant for those learning about cryptocurrency trading for beginners.
Overall, since U.S. spot Bitcoin ETFs first launched, they have attracted a net total of $38.43 billion. Despite the headwinds faced by GBTC, the broader Bitcoin ETF ecosystem demonstrates robust health and significant capital attraction, even amidst fluctuating digital asset prices.