Bitcoin ETFs See Huge Demand as BTC Price Nears $82K

The funds attracted $467.4 million on Tuesday after bringing in $532 million on Monday. Bitcoin also gained more than 6% over the past week as institutional demand strengthened, while Ethereum, XRP, and Solana ETFs also posted positive inflows.

Bitcoin ETFs Hit Massive Inflows

Spot Bitcoin ETFs continued to attract strong institutional demand this week after Bitcoin reclaimed the $80,000 level. The funds recorded $467.4 million in inflows on Tuesday after bringing in $532 million on Monday. This pushed the two-day total to almost $1 billion.

BTC ETF flows (Source: Farside Investors)

The recent wave of capital follows an already strong April, during which spot Bitcoin ETFs accumulated $1.97 billion in net inflows. Since May 1 alone, the products attracted approximately $1.63 billion, bringing cumulative inflows to nearly $59.7 billion. 

Bitcoin’s price action over the past week reflected the optimism surrounding the market. After briefly trading close to the mid-$75,000 region at the end of April, BTC steadily climbed higher throughout the week and regained bullish momentum as buyers returned. 

The asset moved through several resistance zones before eventually breaking above $80,000 and reaching roughly $81,989 at press time. Over the past seven days, Bitcoin has gained more than 6%, with the rally supported by rising institutional participation and improving market sentiment.

BTC’s price action over the past week (Source: CoinCodex)

The inflow streak stayed resilient despite comments from Strategy executive chairman Michael Saylor, who recently hinted that the company could potentially sell Bitcoin to meet corporate obligations. The remarks are very different from his long-standing stance that Strategy would “never sell Bitcoin.” 

Bloomberg ETF analyst Eric Balchunas also pointed out the strength of the ETF market during Bitcoin’s recent volatility. According to Balchunas, Bitcoin experienced a drawdown of roughly 50% during the broader cycle while ETFs only saw around 8% of assets leave the products. He attributed this resilience to the influence of Wall Street distribution networks and the accessibility that ETFs provide to traditional investors.

The strong demand has not been limited to Bitcoin products alone. Altcoin ETFs also saw fresh inflows. Ethereum ETFs attracted $97.6 million in inflows on Tuesday, while XRP funds added $11.3 million. Solana ETFs also posted positive flows, although on a smaller scale, with approximately $1.7 million entering the products.