- Bitcoin ETFs saw a massive $1.8 billion in inflows last week, surpassing Ethereum ETFs and outpacing gold ETFs by $4 billion.
- This surge highlights growing institutional interest as Bitcoin is increasingly viewed as a hedge against U.S.-based assets.
Bitcoin exchange-traded funds (ETFs) are continuing their impressive run, pulling in more than $1.8 billion in inflows last week, according to recent data from CoinGlass. This surge, which started on April 17, highlights a growing trend as Bitcoin ETFs increasingly capture the interest of institutional and high-net-worth investors.
Thursday and Friday of last week proved particularly successful for Bitcoin ETFs, which saw $423 million and $675 million in inflows, respectively. These two days alone marked the seventh-highest total of the year, with ETF flows significantly outpacing Ethereum ETFs by more than 10:1, as detailed in the CoinShares Digital Asset Fund Flows report.
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Among the biggest winners was BlackRock’s iShares Bitcoin ETF, which saw a massive $2.56 billion in net flows. However, not all ETFs were so fortunate, with Ark 21Shares Bitcoin ETF suffering a notable $458 million in outflows.
The rising interest in Bitcoin ETFs comes at a time when gold ETFs are experiencing a reverse trend. Investors are increasingly turning to as a hedge against U.S.-based assets, especially in the face of rising treasury yields and ongoing market uncertainties. Over the past five trading days, ETFs have outstripped gold by a staggering $4 billion—a gap not seen since the U.S. presidential election in November.
BlackRock’s Robert Mitchnick discussed the growing influence of institutional and wealth advisory firms in ETF flows, emphasizing the shift from retail investors, who were dominant at the outset, to these larger players. Mitchnick noted that behavior as a safe-haven asset has drawn increasing attention from those seeking protection from geopolitical and monetary risks, further bolstering the demand for Bitcoin ETFs .
As Bitcoin continues to show its strength, both in price and investor interest, it is positioned to solidify its role as a key asset in portfolios, with ETFs leading the way in this market shift.
