Bitcoin exchange-traded funds (ETFs) recorded $379 million in net inflows yesterday, extending their positive streak to a fifth consecutive trading day. The rally follows a broader market rebound that began last Thursday, although trading activity briefly paused in several regions due to Good Friday and Easter holidays. The total inflow for the week now stands at approximately $3.06 billion.
According to data from Sosovalue, total assets under management (AUM) for Bitcoin ETFs have climbed to $109 billion—marking the highest level since late February. Bitcoin itself continues to recover strongly, trading around $94,860 at the time of writing, its highest price point since the final week of February.
ETF inflows earlier this week were even more dramatic, peaking at $912.7 million on Tuesday and $917 million on Wednesday. Analysts suggest that part of the optimism was driven by President Donald Trump’s hints that tariffs on Chinese goods could be substantially reduced, a move that bolstered risk sentiment across global markets.
As Bitcoin pushes back toward its all-time highs, the surge in ETF inflows highlights a renewed wave of institutional confidence, fueled by both macroeconomic signals and a growing appetite for regulated digital asset investment vehicles.
Surge Fueled by Dollar Weakness and ‘Digital Gold’ Narrative
This recent momentum marks a sharp turnaround after months of turbulence, during which Bitcoin ETFs suffered heavy outflows—including a record $1.01 billion in a single day back on February 25.
While some of the renewed interest is linked to broader equity market strength, analysts say the driving forces run deeper. Speaking to Decrypt, Kathleen Brookes, Research Director at XTB, noted that Bitcoin has actually outperformed most risk assets this month, despite the ongoing tariff standoff between the U.S. and China.
“We think that weakness in the dollar, and chatter about a structural shift out of the dollar and reduced confidence in U.S. financial institutions, is also fueling demand for crypto,” Brookes explained.
This shift in narrative is echoed by eToro analyst Simon Peters, who highlighted Bitcoin’s evolving correlation trends. Peters noted that since President Trump’s “Liberation Day” announcements regarding tariffs, Bitcoin’s correlation with U.S. equities has weakened, while its alignment with gold has strengthened.
“Amidst the uncertainty surrounding U.S.-China trade tensions and potential recession risks in the U.S., we have seen gold trend to record highs, and Bitcoin—dubbed ‘digital gold’ due to its scarcity characteristics—is potentially following suit,” Peters said.
As traditional macro pressures weigh heavily on fiat currencies and conventional assets, Bitcoin’s dual identity as both a risk asset and a store of value appears to be drawing an increasingly diverse range of investors back into the crypto fold.
Quick Facts
- Bitcoin ETFs recorded $3 billion in net inflows over the past week, reversing previous outflow trends.
- On April 25, IBIT and FBTC led inflows with $240.1 million and $108 million, respectively.
- Bitcoin’s price surged above $95,000, reaching its highest level since February.
- Analysts cite macroeconomic factors, dollar weakness, and Bitcoin’s growing correlation with gold as drivers of renewed investor interest.
