Spot Bitcoin ETFs See $335M Inflows as BTC Slips

US-listed spot Bitcoin ETFs extended their winning streak on Wednesday, recording $335.8 million in net inflows for their seventh consecutive day of positive flows, according to data from Fraside Investors. This sustained institutional demand reflects strengthening interest in Bitcoin products despite short-term price consolidation.

Seven-Day Inflow Streak Outpaces March Performance

Spot Bitcoin ETFs attracted approximately $1.9 billion over the current seven-session streak, significantly stronger than the previous seven-day run in March, which brought in about $1.2 billion. BlackRock’s iShares Bitcoin Trust (IBIT) remained the dominant force, pulling in $1.4 billion during the streak—more than 73% of all inflows. IBIT now holds approximately 809,870 BTC, representing about 62% of all assets held across US spot Bitcoin ETFs.

Morgan Stanley’s Bitcoin Trust (MSBT) added momentum with $95 million during the period and has yet to post a daily outflow since launching on April 8.

Bitcoin Price Action and ETF Holdings

Bitcoin has gained 11% over the past 30 days and recently reclaimed levels above $79,000 for the first time since late January. However, in the latest 24-hour session, Bitcoin showed consolidation, trading near $74,005, down 0.40% on the day after earlier volatility, according to CoinCodex. This mild pullback suggests short-term profit-taking even as the broader trend remains constructive.

Combined, US-listed spot Bitcoin ETFs now hold around 1.3 million BTC, worth approximately $103 billion.

Ethereum ETFs and Market Sentiment

Ethereum products are also seeing renewed interest, with US-listed spot Ether ETFs posting a 10-day inflow streak totaling $633.6 million.

Despite the rebound, sentiment remains somewhat cautious. The Crypto Fear & Greed Index recently rose to 46, its highest level since late January, but still sits in “fear” territory.