$2.4B Floods US Bitcoin ETFs in Just 8 Days—Is a BTC Price Explosion Imminent?

Wall Street’s latest crypto crush is breaking records—again. US Bitcoin ETFs just gulped down $2.4 billion in under two weeks, leaving traders scrambling to decode the tea leaves.

The institutional stampede

Forget ‘slow and steady’—this is a full-blown FOMO rally. The numbers don’t lie: eight days, nine zeros, one burning question. Are we witnessing the calm before the parabolic storm?

BTC’s make-or-break moment

History says ETF inflows like these tend to light fuses, not dampen them. But with half of Wall Street still pretending they ‘don’t get’ Bitcoin, the real surprise might be who’s left holding bags this time.

Bonus jab: Meanwhile, gold ETFs are collecting dust like your boomer uncle’s coin collection.

Meanwhile, Bitcoin’s price stayed steady between $104,000 and $105,000, even though the fight between Israel and Iran affected the market for a short while. At the time of writing this report, Bitcoin is trading for $104,399.

“Despite the initial panic, Bitcoin has remained in the $104K-$105K range, aided by consistent ETF inflows and a lack of follow-through in military actions.” crypto analytics platform Santiment said in a recent tweet on X.

Santiment also noted that this behavior is similar to Bitcoin’s response to past conflicts, like when Russia invaded Ukraine in 2022 and the Israel & Palestine conflict in 2023.

However, Grayscale’s Bitcoin Trust ETF (GBTC) didn’t join the rest with this inflow; instead, the investment firm has been taking funds from the market, with a $16.4 million outflow on Wednesday. Its low-fee Mini Trust also recorded $10.1 million in outflows. 

Since April 17, spot Bitcoin ETFs have gained $11.2 billion in new money. In total, $46.3 billion has gone into 11 main US Bitcoin ETFs, led by BlackRock’s IBIT with $50.6 billion and Fidelity’s FBTC with $11.5 billion. Grayscale’s GBTC saw $23.2 billion FLOW out at the same time.

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