Bitcoin ETF Inflows Hit 15-Month High—Now Bigger Than Most National Economies

Wall Street’s crypto flip-flop reaches new heights as Bitcoin ETFs swallow $2.8B in April—proving even institutional investors FOMO when the printer goes brrr.

The ’digital gold’ narrative gets a steroid shot as BTC surpasses Warren Buffett’s Berkshire Hathaway in market cap. Guess the Oracle of Omaha should’ve stuck with his ’rat poison squared’ thesis.

Funny how these same banks that once banned crypto trading now custody the ETFs. Nothing moves faster than finance guys chasing 6% yields.

Spot Bitcoin ETFs Sees Largest Inflows Since January

According to data from SoSoValue, US-based Spot Bitcoin ETFs raked in $936.43 million in net inflows on Tuesday, April 22 alone, marking their best single-day performance since January 17 when it registered $1.08 billion. Wednesday, April 23 also witnessed similar performance, registering inflows of $916.91 million.

BlackRock’s iShares Bitcoin Trust (IBIT) led the way with a staggering $643.16 million in inflows, followed closely by Ark & 21 Shares’ ARKB with $129.5 million. Furthermore, Spot Bitcoin ETFs are now on four days of consecutive inflows of $100 million or more. The last time such happened was in the last week of January.

These inflows into Spot Bitcoin ETFs follow a weeks-long dry spell in ETF activity, which saw many traders question the sustainability of institutional interest. Nonetheless, the timing of these inflows couldn’t be more impactful. Bitcoin’s price surged in tandem with recent ETF activity, showing the the strong effect these ETFs have come to have on the spot price of Bitcoin.

BTC Surpasses Amazon And Google To Become Fifth Largest Asset Worldwide

The ETF inflows lit the spark and the resulting market reaction pushed Bitcoin’s rise up the global rankings. According to data from CompaniesMarketCap, Bitcoin’s total market value climbed to over $1.87 trillion as it crossed over $94,000 for the first time in eight weeks.

This interesting move allowed it to overtake both Google (Alphabet) and Amazon in market cap rankings, especially considering these stock prices have been on a notable decline in a 30-day timeframe.

This development positions BTC not only as a leading cryptocurrency but also as a top-tier macroeconomic asset, competing on the global stage with traditional tech and commodity giants. As it stands, Bitcoin is now outperforming the NASDAQ 100, and analysts are pointing to signs of decoupling from traditional indices.

Now that Bitcoin is trading above $90,000 again, the next focus is on where it goes from here. The bullish trajectory would be on the $100,000 price level, and whether BTC can break above this level before the end of April. That said, the $94,000 region is now shaping up to act as an early resistance band, and short-term profit-taking could cause pullbacks that might liquidate buy orders.