US Spot Bitcoin ETFs See $23.5 Million Net Inflow After Three-Day Outflow Streak

A $23.5 million net inflow into US spot Bitcoin ETFs on April 30 ended a three-day outflow streak, driven by strong contributions from BlackRock's IBIT and Fidelity's FBTC.

The influx suggests a potential shift in investor sentiment, with institutions favoring low-cost providers such as these two major asset managers. Their combined inflows of $45.7 million accounted for nearly double the total net inflow.

This may support price stability in the short term, as the inflow coincides with increased trading volumes across crypto exchanges and Bitcoin's price rose 1.2% within hours of the data release.