- IBIT leads $442M inflow in spot Bitcoin ETFs, signaling strong institutional interest.
- Bitcoin surges to $93K as ETF inflows hit the highest level since November 2024.
Bitcoin [BTC] ETFs are regaining momentum as the broader crypto market rebounds.
According to data from Farside Investors, spot BTC ETFs witnessed a significant inflow of $442 million on the 24th of April alone.
BlackRock’s iShares Bitcoin Trust (IBIT) accounting for a massive $327.3 million of that total. This marks a consistent streak of inflows since the 17th of April, signaling renewed institutional confidence in Bitcoin.
Michael Saylor and Nate Geraci on IBIT’s success
Riding this wave of optimism, MicroStrategy co-founder Michael Saylor has made a bold forecast, predicting that IBIT could outpace every other ETF to become the world’s largest within a decade.
While such a claim might sound ambitious in a market still dominated by S&P 500 titans, it’s emblematic of Saylor’s long-standing conviction in Bitcoin’s ascent.
Echoing similar sentiments, ETF Store President Nate Geraci noted,
Source: Nate Geraci/X
BlackRock’s IBIT success so far
While BlackRock’s IBIT is still far from matching the scale of ETF giants like Vanguard’s VOO, which boasts over $573 billion in assets, its rapid ascent is hard to ignore.
SPY and IVV remain comfortably above the $500 billion mark, but IBIT is gaining traction fast, with BlackRock now holding more than 582,000 BTC, valued at over $54.2 billion.
This positions it just outside the top 35 ETFs by AUM, yet it’s already generating daily trading volumes exceeding 45 million shares.
In a space where Bitcoin was once barely acknowledged by institutions, this surge signals a transformative shift.
Adding to the momentum, U.S. spot BTC ETFs collectively saw a net inflow of 11,898 BTC in a single day, the highest since the 11th of November 2024.
While Saylor’s bold predictions of Bitcoin reaching $13 million per coin may seem far-fetched, his history of early, unwavering conviction gives such statements unusual weight.
After a period of muted flows, the recent spike in institutional Bitcoin activity signals a decisive shift in sentiment.
Daily inflows that once averaged just 23 BTC in 2025 have now surged dramatically, reflecting renewed confidence from large-scale investors.
This revival is vividly illustrated by Glassnode’s charts, where bold green bars have replaced the prior red streak, marking a clear break from the stagnation.
BTC price action
The resulting uptick in demand has fueled Bitcoin’s price momentum, with BTC climbing to $93,734.12, up 10.86% over the past week.
Such data underscores a strong institutional return, likely laying the groundwork for Bitcoin’s next major leg upward.
