Spot Bitcoin ETFs Just Had Their Best Week In Over Three Months As Nearly $1 Billion Came Flooding In

Wall Street just put its money where its mouth is. Again.

U.S. spot Bitcoin ETFs pulled in nearly $1 billion in net inflows this past week, marking their strongest performance in over three months. The total came to $996 million for the week of April 13 to 17, with BlackRock’s iShares Bitcoin Trust (IBIT) doing the heavy lifting as usual. That fund alone accounted for the lion’s share of the capital, continuing a streak that has now seen IBIT post positive days in 12 of the last 14 trading sessions.

This is what institutional conviction looks like. While the Crypto Fear & Greed Index has been stuck deep in “extreme fear” territory for weeks, the biggest players in traditional finance are quietly loading up. Retail might be nervous, but BlackRock, Fidelity, and ARK are not.

CoinDesk flagged just how dominant IBIT has been lately:

CryptoSlate broke down the fund-by-fund numbers for Friday’s blockbuster session:

US-listed spot Bitcoin exchange-traded funds recorded their largest single-day capital inflow since January on April 17, as the reopening of a critical Middle Eastern shipping route sparked a broader market rotation into risk assets.

The 12 products drew approximately $664 million in fresh capital. BlackRock’s iShares Bitcoin Trust led with $284 million, Fidelity Wise Origin Bitcoin Fund followed with $163.4 million, and the ARK 21Shares Bitcoin ETF took in $117.9 million.

Total net assets across spot Bitcoin ETFs climbed above $101 billion by Friday, with cumulative net inflows since inception now exceeding $57 billion.

That $664 million single-day haul was the biggest since early January, when ETF inflows briefly topped $1.4 billion in a week. The catalyst this time was geopolitical. Iran’s foreign minister announced that the Strait of Hormuz had reopened to commercial shipping during the ceasefire, which President Trump quickly confirmed. Crude oil dropped nearly 10%, and capital rotated hard into risk assets, including Bitcoin.

And it is not just the institutions. Even members of Congress are getting in on the action. CoinDesk reported on a notable disclosure:

Congresswoman Biggs is not the first lawmaker to scoop up Bitcoin exposure through IBIT, but the timing is hard to ignore. When politicians start buying the same ETF that BlackRock has been stacking for weeks, the signal is loud.

Cointelegraph added more context on the broader weekly picture:

The weekly total represented the strongest performance in over three months, with daily volumes nearing $4.8 billion. The week began with a $291 million outflow on Monday before momentum reversed sharply, posting inflows of $411.5 million on Tuesday, $186 million on Wednesday, $26 million on Thursday, and then the massive $664 million surge on Friday.

Analysts at Bitunix noted that Bitcoin is “currently in a classic liquidity redistribution phase,” with resistance above $75,000 and support near $72,000.

The bigger picture here is hard to miss. BlackRock’s IBIT now holds close to 800,000 Bitcoin, worth roughly $59 billion. That is more than Strategy Inc. (formerly MicroStrategy) holds. Exchange reserves, meanwhile, have dropped to a seven-year low of 2.21 million BTC on major platforms, according to on-chain data. Supply is tightening while demand from ETFs keeps accelerating.

Bitcoin was trading near $77,000 at the time of this writing, up roughly 4% in the past 24 hours. If this kind of institutional flow keeps up, the “extreme fear” crowd may not stay fearful for much longer.

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