Bitcoin ETFs Top $936M Inflows on Tuesday as IBIT Dominates Market

U.S.-listed spot Bitcoin ETFs registered a surge in investor activity this week, drawing nearly $1 billion in net inflows on Tuesday alone. According to data shared by Bloomberg's senior ETF analyst, Eric Balchunas, this pushed the total weekly inflows to $1.2 billion, signaling renewed institutional interest across multiple funds. The broader pool of assets under management in these products has now reached $103.4 billion. https://twitter.com/EricBalchunas/status/1915007669519147481 Notably, this development coincided with a rally in Bitcoin’s price. The asset climbed above $93,000 for the first time since early March, reaching $93,712. Per Balchunas, ten of the eleven spot Bitcoin ETFs attracted capital this week, indicating wider participation and healthier flow distribution across the board. IBIT Leads, While Legacy Funds Lag Among individual funds, BlackRock iShares Bitcoin Trust (IBIT) continues to outpace competitors with year-to-date (YTD) inflows totaling $2.7 billion. In contrast, Ark Invest's ARKB and Grayscale's BTC funds posted more modest YTD inflows of $410.41 million and $385.31 million, respectively. Notably, Grayscale’s GBTC has recorded significant outflows this year, with $1.18 billion exiting the fund since January. Weekly data provides a closer look at recent trends. IBIT led again with $346.6 million in inflows over the last week, followed by ARKB with $269.98 million.  Meanwhile, data from CoinShares added further detail to the investment landscape. Digital asset products overall saw notable activity, with Bitcoin capturing the largest share of flows in the week ending April 22. Short Bitcoin products also saw a seventh consecutive week of outflows, totaling $1.2 million this week and $36 million across seven weeks, representing 40% of their assets under management. Ethereum Outflows Persist, XRP Defies Broader Trend In contrast to Bitcoin’s traction, Ethereum-focused investment products continued to struggle. Weekly outflows reached $26.7 million, pushing the eight-week total to $772 million. Despite these declines, Ethereum remains the second-largest asset in terms of YTD inflows, currently standing at $215 million. XRP investment products, however, registered $37.7 million in inflows last week. This places XRP third in the rankings for YTD inflows, with a total of $214 million. Its performance diverged from the broader altcoin market trend, where other major assets faced continued pressure.