{"id":61846,"date":"2025-04-24T22:00:28","date_gmt":"2025-04-24T22:00:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61846"},"modified":"2025-04-24T22:00:28","modified_gmt":"2025-04-24T22:00:28","slug":"spot-bitcoin-etfs-go-pac-man-mode-gobble-up-1-2-billion-in-1-week","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61846","title":{"rendered":"Spot Bitcoin ETFs Go \u2018Pac-Man\u2019 Mode, Gobble Up $1.2 Billion In 1 Week"},"content":{"rendered":"

Capital poured into US-listed Bitcoin exchange-traded funds this week, with Tuesday alone witnessing nearly $1 billion in fresh cash.<\/p>\n

The rush propelled weekly inflows to $1.2 billion and total assets under management (AUM) to $103 billion, based on Bloomberg data. The investment deluge occurred while Bitcoin\u2019s price rose above $93,000, reaching $93,700 \u2013 its highest since early March.<\/p>\n

BlackRock Fund Remains Top Dog Among Rivals<\/strong><\/h2>\n

BlackRock\u2019s iShares Bitcoin Trust (IBIT) remains at the forefront with year-to-date inflows of $2.7 billion. The fund took in another $346 million last week alone.<\/p>\n

Ark Invest\u2019s ARKB and Grayscale\u2019s Bitcoin funds lag behind with significantly smaller year-to-date inflows of $410.41 million and $385.31 million.<\/p>\n

Not everything is coming up roses, however. Grayscale\u2019s GBTC has seen $1.18 billion of outflows since January, going against the overall positive tide.<\/p>\n

The spot bitcoin ETFs went Pac-Man mode yesterday, +$936m, $1.2b for week. Also notable is 10 of 11 of the originals all took in cash too. Good sign to see flow depth vs say $IBIT<\/a> doing 90% of the lifting. Price up $93.5k. Pretty strong all things considered IMO. pic.twitter.com\/HeLwffgT8F<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) April 23, 2025<\/a><\/p>\n\n

Increasing Institutional Confidence Reflected In Broad Participation<\/strong><\/h2>\n

Ten of 11 spot Bitcoin ETFs saw inflows of fresh funds this week, Bloomberg senior ETF analyst Eric Balchunas reported. They\u2019re going \u201cPac-Man mode\u201d, the analyst said on X. That broad-based involvement indicates institutional players are diversifying their bets into several funds rather than focusing on one or two.<\/p>\n

The value traded across all Bitcoin spot ETFs totaled $496 million, while net assets in them now represent nearly $57 billion \u2013 equivalent to around 2.80% of Ethereum\u2019s market cap.<\/p>\n

Ethereum Products Keep Losing Streak While XRP Shocks<\/strong><\/p>\n

As Bitcoin-linked investments thrive, Ethereum products simply can\u2019t seem to get a break. According to reports from CoinShares, investment products centered around Ethereum lost yet another $26.7 million last week.<\/p>\n

This takes their eight-week outflow amount to a mind-boggling $772 million. Even in the face of this continued outflow, Ethereum remains in second place for year-to-date inflows at $215 million.<\/p>\n

Short Bitcoin Products Under Ongoing Pressure<\/strong><\/p>\n

Short Bitcoin products are experiencing the squeeze. Short BTC products had their seventh consecutive week of outflows, with $1.2 million exiting these funds.<\/p>\n

CoinShares data show that these short bets have now lost $36 million over seven weeks \u2013 40% of their assets under management. The ongoing outflows from short positions are consistent with Bitcoin\u2019s recent price strength.<\/p>\n

XRP is the only exception among alternative coins, and its investment products attracted over $37 million last week, the third highest for year-to-date inflows on $214 million. This defies the trend observed in most of the other altcoins, which still face selling pressure.<\/p>\n

Certainly, all of this new money being poured into Bitcoin ETF investments is perhaps the clearest sign yet that traditional financial institutions are coming around to cryptocurrency as an asset class.<\/p>\n

We\u2019re talking almost $1 billion coming into the market in just one day: this looks like the dawn of a new era in which acceptance of the asset class by the mainstream is even greater.<\/p>\n

Featured image from Wallpapers.com<\/em>, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Capital poured into US-listed Bitcoin exchange-traded funds this week, with Tuesday alone witnessing nearly $1 billion in fresh cash. The rush propelled weekly inflows to $1.2 billion and total assets under management (AUM) to $103 billion, based on Bloomberg data. The investment deluge occurred while Bitcoin\u2019s price rose above $93,000, reaching $93,700 \u2013 its highest […]<\/p>\n","protected":false},"author":0,"featured_media":61847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61846"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61846"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61847"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}