Bitcoin ETF Inflows Turn Positive for Year, All Flow Metrics Green for First Time in Months

Gate News message, April 23 — Bitcoin spot ETFs are gaining momentum as all flow metrics tracked by Bloomberg turned positive for the first time in months, according to Bloomberg Senior ETF Analyst Eric Balchunas. Ben Slavin, global head of ETFs at BNY Asset Servicing (which services 80% of the crypto ETF market), confirmed the shift: "Flows have turned positive for the year. That's modestly so. But they're in the green, not in the red."

Cumulative one-day inflows across all 12 spot bitcoin funds exceeded $335 million as of Thursday morning, while monthly flows topped $2.1 billion. Year-to-date and three-month flows reached approximately $1.8 billion. BlackRock's IBIT, the largest spot bitcoin ETF by valuation, accounted for $246 million of single-day inflows and $1.9 billion over the past month. Most funds posted positive flows, with the notable exception of Grayscale Bitcoin Trust, which recorded $16 million in one-day outflows and $960 million in year-to-date net outflows.

Total spot bitcoin ETF assets under management stand at approximately $125 billion, below the all-time high of $162 billion set in October 2025 when BTC traded above $120,000. Slavin attributed crypto ETF investors' resilience to their structural use in asset allocation and buy-and-hold strategies rather than tactical trading, noting that outflows during March's geopolitical tensions and inflation concerns were modest compared to inflows. Bitcoin has since resumed an uptrend after trading sideways in late January.