ETF analyst Eric Balchunas pointed out how quickly spot Bitcoin ETFs can go from “1st gear to 5th gear.”
Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.
On April 25, the 11 spot Bitcoin (BTC) ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had a full week of inflow days was the trading week ending March 21.
ETF analyst Eric Balchunas said in an April 24 X post that “ETFs are on a Bitcoin bender.”
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