Bitcoin ETF, 2.2 billion dollars inflow over 3 days…Highest record since December

Inflows strengthened for spot Bitcoin ETF (Source: @thepfund, X)

According to cryptocurrency data analyst Trader T, on April 23, funds inflowed into the spot Bitcoin ETF amounted to a total of $917.67 million. Especially over the recent three trading days, the inflows amounted to $2.2 billion, marking the strongest weekly flow since the first week of the ETF launch in December last year.

Blackrock's $IBIT saw a staggering inflow of $643.93 million, taking the overwhelming first place, and Ark Invest's $ARKB gathered $129.50 million. On the other hand, there was a net outflow of $15.25 million from Bitwise's $BITB.

This strong inflow of funds signals that institutional demand is refocusing on Bitcoin, which coincides with recent BTC rebound and long-term bullish reversal expectations, likely to positively impact market sentiment.