Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced over $3 billion in inflows this week, marking their first full week of positive inflows in five weeks. On April 25, the 11 spot Bitcoin ETFs recorded $380 million in inflows, leading to a total of approximately $3.06 billion over five days. Inflows surged this week, transforming April into a positive month despite volatility, with nine out of 18 trading days resulting in outflows. The total net inflows for April now stand at about $2.26 billion. ETF analyst Eric Balchunas highlighted the rapid change in flow dynamics, anticipating that the influx is tied to a foundation of renewed investing interest amidst ongoing financial uncertainties. Additionally, Bitcoin’s price is hovering around $95,000, with institutions raising bullish price targets significantly, further bolstering the market’s optimistic outlook for the asset.

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