U.S. Bitcoin spot ETFs have recorded $3.06 billion in net inflows for the week ending April 25, 2025, their strongest weekly performance since November 2024.

This capital inflow coincides with Bitcoin (BTC), which dipped below $94,000 on Sunday and is currently in the red. See below.

The combined ETF products now hold $109.27 billion in total net assets and account for approximately 5.8% of Bitcoin’s total market capitalization, according to data from SoSoValue.

BlackRock leads Bitcoin ETF inflow

The latest Bitcoin ETF data reveals a strong rebound in investor interest after several weeks of mixed performance. Daily inflows on April 25 reached $379.99 million, contributing to the weekly total of $3.06 billion.

For context, the week ending April 11 recorded $713.30 million in net outflows, followed by a modest $15.85 million inflow the week ending April 17.

BlackRock’s IBIT leads with $240.15 million in daily inflows and maintains its position as the largest Bitcoin ETF with $56.03 billion in assets under management. The fund has accumulated $41.20 billion in cumulative net inflows since its launch.

Fidelity’s FBTC secured the second position with $108.04 million in daily inflows and $19.12 billion in total net assets. Other notable performers include ARKB (ARK 21Shares) with $11.39 million in daily inflows and Grayscale’s BTC with $19.87 million. However, its converted flagship GBTC product continues to experience outflows, with $7.53 million leaving the fund on April 25.

Trading activity has also increased substantially, with $18.76 billion in total value traded for the week, compared to $7.15 billion the previous week. The cumulative total net inflow across all Bitcoin spot ETFs now stands at $38.43 billion since their launch.

Despite Grayscale’s GBTC experiencing cumulative outflows of $22.69 billion since its conversion from a trust structure, the overall ETF ecosystem continues to bring in considerable new capital.

As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market.

Bitcoin Sees Sharp Rebound In Apparent Demand

According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending several consecutive weeks in the red.

Related Reading

For the uninitiated, Bitcoin’s Apparent Demand (30-day sum) measures the cumulative net demand for BTC over the past 30 days by tracking wallet accumulation and exchange outflows. A sharp increase in this metric suggests strong, sustained buying pressure, which can indicate bullish sentiment and potential for a price rally.

The following chart illustrates this rebound in BTC’s Apparent Demand, which essentially reflects net changes in one-year inactive supply adjusted by daily block rewards – a metric designed to better represent organic demand growth.

Previously, this metric had fallen deeply into negative territory – dipping below -200,000 (highlighted in red) – suggesting waning demand. However, its recent reversal into positive territory signals that long-dormant capital is flowing back into the market. As noted in the post:

The demand pivot is closely aligned with the recent price rebound above $87K, implying this recovery is underpinned by real on-chain behavior rather than purely speculative flows.

This marks the first positive Apparent Demand reading since February and aligns with rising inflows into spot Bitcoin exchange-traded funds (ETFs), as well as growing accumulation by long-term holders.

Data from SoSoValue shows that US-based spot BTC ETFs have recorded five consecutive days of net positive inflows, totalling more than $2.5 billion. The cumulative net inflow into spot BTC ETFs now stands at an impressive $38.05 billion.

Is A BTC Rally In Sight?

IT Tech noted that past reversals in Apparent Demand have historically preceded either significant rallies or periods of strong price support. If the current trend continues, BTC may have the momentum needed to challenge the $90,000 level in the near term.

Related Reading

However, analysts caution that Bitcoin must hold its current support around $91,500 to maintain upward momentum. This level is particularly important because it is close to the realized price of short-term BTC holders, according to CryptoQuant contributor Crazzyblockk.

Further adding to this outlook, prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure a weekly close above $93,500 and reclaim it as support in order to establish a clear path to $100,000. At press time, BTC trades at $94,492, up 2% in the last 24 hours.

Featured image from Unsplash, charts from CryptoQuant and Tradingview.com

Spot Bitcoin exchange-traded funds in the U.S. recorded a negative week once again amid escalating trade tensions following President Donald Trump’s announcement of new tariffs, dubbed ‘Liberation Day’ duties.

According to data from SoSoValue, the 12 spot Bitcoin ETFs reported $172.89 million in net outflows over the past week, snapping a two-week inflow streak that drew in nearly $941 million into the funds.

Notably, these ETFs experienced outflows on four of the five days between March 31 and April 4. Monday saw $71.07 million in outflows, followed by $157.64 million on Tuesday, $99.86 million on Thursday, and $64.88 million on Friday. The only positive day was Wednesday, with $220.76 million in inflows.

The majority of outflows came from Grayscale GBTC, which lost $95.5 million over last week, followed by WisdomTree’s BTCW with $44.6 million per Faside data. Additionally, outflows came from IBIT, BITB, ARKB, and HODL funds that saw $35.5 million, $24.1 million, $22.2 million, and $4.9 million in net redemption, respectively.

However, it wasn’t entirely a bearish week across the board, as Grayscale’s spot Bitcoin Trust, Franklin Templeton’s EZBC, and Fidelity’s FBTC still saw combined inflows of $61.8 million. The remaining BTC ETFs remained flat over the five days.

The drop in investor demand wasn’t limited to Bitcoin ETFs. Ethereum ETFs recorded $49.93 million in outflows last week, marking six straight weeks of withdrawals totaling over $795 million.

These outflows come as Bitcoin posted its worst first-quarter performance since 2018, and investor sentiment weakened due to Trump’s new tariff plans, starting with a flat 10% on all imports and higher rates for certain key trading partners, raising fears of a new global trade war.

At press time, the crypto market was down nearly 10% over the past day. Bitcoin had dropped 9.3%, falling below the $76,500 mark, a level BitMEX co-founder Arthur Hayes previously warned must be held to avoid deeper losses.