Wall Street’s Newest Gold Rush: Bitcoin ETFs Rake in $3B in Just 7 Days

Mainstream finance finally gets FOMO—at institutional scale.

The floodgates are open: Spot Bitcoin ETFs just vacuumed up more capital than most hedge funds manage in a year. All while traditional asset managers were still debating whether crypto is ’real.’

Behind the numbers: BlackRock, Fidelity, and other suddenly-converted crypto evangelists now hold the keys to 95% of inflows. Guess that ’volatile scam asset’ narrative got expensive to maintain.

The kicker? This tidal wave hit during a sideways market—proving even Wall Street’s ’smart money’ now panic-buys the dip like a sleep-deprived Reddit trader.

In Brief

• Bitcoin ETFs record $3.06 billion in inflows in one week, a first since March.
• Institutional optimism turns April into a positive month, with $2.26 billion in net flows.
• BlackRock’s iShares Bitcoin ETF is named u201cBest New ETFu201d and aims to become the largest ETF worldwide.
• ARK Invest raises its bullish target for bitcoin to $2.4 million by 2030.

Bitcoin ETFs string together 5 days of inflows totaling $3.6 billion

As the SEC once again delays decisions on several crypto ETFs, Bitcoin ETFs themselves have just experienced their first full week of net inflows in five weeks, recording an impressive influx of $3.06 billion according to recent data.

On April 25, the 11 spot Bitcoin ETFs collected $380 million, thus sealing a streak of five consecutive days of inflows. The last similar week dates back to the week ending March 21.

This momentum has transformed what was until now a volatile April into a positive month, with net flows reaching about $2.26 billion. Eric Balchunas, ETF analyst at Bloomberg, commented on X: “ETFs are in a true Bitcoin frenzy.” He highlights how “flows can shift from first to fifth gear in no time“, partly thanks to the return of “basis trade” strategies.

$2.4 million for BTC by 2030?

In this bullish context, Michael Saylor, founder of Strategy, stated during the Bitwise Invest Bitcoin Corporations Investor Day that BlackRock’s iShares Bitcoin ETF (IBIT) would become the largest ETF in the world within 10 years! This same product was recently crowned “Best New ETF” and “Crypto ETP of the Year” at the annual etf.com awards.

Meanwhile, bitcoin’s price remains solid around $94,600, supported by a resurgence of institutional optimism. ARK Invest has also raised its forecasts for 2030: in its bullish scenario, bitcoin could reach $2.4 million, up from $1.5 million previously. Even in the bearish scenario, bitcoin is now targeting $500,000.

As Bitcoin ETFs massively attract capital, institutional adoption seems to confirm bitcoin’s rise as the new digital gold. If this momentum continues, the most ambitious forecasts could quickly become reality, propelling BTC to new historic highs by the end of the decade.

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