Bitcoin Near $75,000 as Spot ETFs Add $996M in Three Weeks

Bitcoin traded near $75,000 as spot Bitcoin exchange-traded funds drew $996 million in net inflows over the past three weeks. The inflows raised cumulative ETF net inflows to $57.74 billion and total ETF assets to $101.45 billion.

As of April 17, daily net inflows into the products stood at $663.91 million. The broader crypto market capitalization was about $2.62 trillion, down 0.46% for the day, and 24-hour trading volume across the market was $102.54 billion.

ETF flow data showed total value traded across the spot Bitcoin ETFs reached $4.80 billion. ETF net assets represented roughly 6.55% of Bitcoin’s market capitalization. Weekly trading volume across the ETFs climbed 13% week-on-week to $21 billion, below the year-to-date average of $31 billion. Total assets under management for the Bitcoin funds returned to levels last seen in early February.

BlackRock’s IBIT posted $283.99 million in one-day net inflows, equal to about 3,670 BTC, and had net assets of $62.08 billion, representing roughly a 4.01% share of Bitcoin. Fidelity’s FBTC recorded $163.42 million in one-day inflows, or about 2,110 BTC, with cumulative net inflows of $11.01 billion and net assets of $14.52 billion.

Bitwise’s BITB recorded $38.22 million in daily inflows, around 494 BTC, and ARK 21Shares’ ARKB added $117.90 million, about 1,520 BTC. VanEck’s HODL had $6.56 million in inflows and Invesco’s BTCO added $3.86 million. Morgan Stanley’s MSBT posted $16.63 million. Valkyrie’s BRRR, Franklin’s EZBC and WisdomTree’s BTCW showed no daily inflow. Hashdex’s DEFI reported no daily inflow and its cumulative flows remained negative at -$1.45 million.

Grayscale’s legacy GBTC product posted $4.22 million in daily inflows but remained negative on a cumulative basis, with net flows at -$26.16 billion and net assets of $11.81 billion. Grayscale’s other Bitcoin fund recorded $29.12 million in daily inflows, equal to 376.5 BTC, bringing its cumulative net inflows to $2.26 billion and net assets to $4.08 billion; that fund closed at $34.30, up 2.82%, with $152.08 million in value traded.

Price moves for the ETF lineup were broadly positive, with most major products rising between about 2.6% and 2.9% on the day. Over the previous week, Bitcoin funds collected $871 million, taking year-to-date inflows to just under $2 billion. Short-Bitcoin products recorded $20.2 million in weekly inflows, the largest weekly total for those instruments since November 2024.