Institutional Conviction Grows as Spot Bitcoin ETFs Record $2.12 Billion Inflow Streak

US spot Bitcoin exchange-traded funds (ETFs) have demonstrated significant resilience, recording a nine-day streak of net inflows between April 14 and April 24. Total capital injections during this period reached approximately $2.12 billion, indicating a strengthening appetite for digital assets among institutional and retail investors. The surge in capital comes as Bitcoin trades at $77,516.55, marking a 10.73% increase over the last month. This trend is particularly notable as the asset remains roughly 35% below its all-time high set in early October, suggesting that investors are prioritizing long-term accumulation over short-term price fluctuations. Performance varied across providers during the streak. The strongest single-day inflow occurred on April 17, with $663.91 million entering the market. While BlackRock’s IBIT maintained positive momentum, other funds including Fidelity’s FBTC and ARK 21Shares’ ARKB experienced modest outflows toward the end of the period. Cumulative net inflows for 2026 have now climbed to $58.23 billion. This sustained interest mirrors a similar pattern seen in October, reinforcing the narrative that ETF investors are acting as long-term allocators rather than speculative traders. Parallel trends were observed in spot Ether ETFs, which also maintained a nine-day positive streak from April 14 to April 22. However, that momentum was interrupted on April 23, when Ether funds recorded net outflows of $75.94 million.