The price of Bitcoin has seen a notable increase in bullish momentum over the past week, largely driven by a perceptible improvement in geopolitical conditions in the Middle East. This newfound optimism has not only invigorated Bitcoin but has also catalyzed a surge in capital flowing into US-based spot Bitcoin exchange-traded funds (ETFs).
Fresh market data indicates that nearly $1 billion has been added to the value of spot Bitcoin ETFs within the past trading week. This influx speaks volumes about the renewed investor interest and demand that has characterized recent weeks.
US Bitcoin ETFs Experience $664 Million Net Inflows
On April 17, 2026, the US-based Bitcoin ETFs recorded a remarkable total net inflow of $663.9 million. This resurgence signifies a return of investor appetite for cryptocurrencies after a prolonged period of uncertainty. Notably, this single-day performance marks the fourth consecutive day of inflows for these crypto-associated investment products.
Data from SoSoValue shows that BlackRock’s iShares Bitcoin Trust (IBIT) was the standout performer on April 17, garnering a substantial net inflow of $283 million. Close behind were the Fidelity Wise Origin Bitcoin Fund (FBTC), which reported a net inflow of $163.42 million, and the Ark 21Shares Bitcoin ETF (ARKB), adding $117.9 million.
Other notable issuers such as the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), VanEck Bitcoin Trust (HODL), and the Invesco Galaxy Bitcoin ETF (BTCO) also recorded positive net inflows during the same period. Collectively, these contributions have pushed the total weekly inflows for spot Bitcoin ETFs to approximately $996.38 million. The previous week also saw significant activity, with inflows amounting to $786.31 million.
This impressive increase in capital inflows highlights the shift in market sentiment, attributed in part to the evolving international situation. According to on-chain analyst Darkfost, Bitcoin ETF trading volumes have surged, reaching $4.7 billion, moving closer to the spot market volumes of around $6.2 billion.
However, Darkfost pointed out that despite the influx, the average cost basis for BTC ETFs remains around $82,247, indicating that existing holders may still be facing losses. “Since March, the trends have shown a notable turnaround for ETFs, with inflows largely dominating market activities,” the analyst remarked.
Bitcoin Price Overview
As of the most recent update, Bitcoin is trading at approximately $75,664, reflecting a slight decline of over 2% in the past 24 hours. This backdrop of price adjustments continues to unfold amid a landscape of increased investor engagement and inflows into Bitcoin ETFs.
