Spot Bitcoin ETFs Extend Inflow Streak to 10 Days Amid Renewed Investor Confidence

Key Takeaways:

• Bitcoin ETFs hit a 10-day inflow streak, longest since December, with $89 million yesterday.
• Fidelity's FBTC leads gains while Ethereum ETFs continue a four-week downward trend.
• Analysts project Bitcoin reaching new record highs, up to $123,000 by June.

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. maintained their positive momentum, extending their net inflow streak to 10 days as of Thursday. 

This marks the longest consecutive net inflow since December 2024, signaling renewed institutional and retail investor confidence in Bitcoin.

Spot Bitcoin ETFs Continue Positive Flow Streak

According to data from SoSoValue, U.S. Bitcoin ETFs recorded a total daily net inflow of $89 million on March 27. Fidelity’s FBTC led the charge, attracting $97.14 million, followed by BlackRock’s IBIT with $3.97 million. 

However, not all funds experienced inflows. For instance, Invesco’s BTCO saw outflows of nearly $7 million, while WisdomTree’s BTCW recorded $5 million in exits.

Spot Bitcoin ETF Inflow/ Source: SosoValue

While Bitcoin ETFs experienced increasing inflows, Ethereum funds continue to record outflows 

As of March 27, Ether ETFs saw a total daily outflow of $4.2 million, with BlackRock’s iShares Ethereum Trust ETF (ETHA) accounting for $4.17 million of the decline. 

This marks four consecutive weeks of net outflows, indicating weaker investor sentiment in Ethereum than Bitcoin.

Institutional Buying and Market Sentiment Lead Analysts to Expect Bitcoin to Reach New Highs

Bitcoin’s renewed inflows follow a recent bearish trend in both the crypto market and the global economy, driven by rising trade tensions and recession fears. 

Earlier this year, Bitcoin ETFs recorded their largest inflows of 2025, with $1.96 billion in net purchases during the week ending January 17 and $1.76 billion the following week.

Despite a subsequent dip that pushed Bitcoin into the $78,000 range, recent purchasing activity by major investors suggests a bullish outlook. 

Blockchain analytics firm Glassnode reported that Bitcoin Whales have accumulated over 129,000 BTC since March 11, worth approximately $11.2 billion at current prices. 

The 30D position change for whales shows they’ve added +129K BTC since March 11 – with momentum picking up sharply over the past 2 days. That’s the largest accumulation rate since late August 2024, signaling growing confidence from large players. pic.twitter.com/hRFC4rDM8L

— glassnode (@glassnode) March 26, 2025

This marks the highest accumulation rate since August 2024.

Market analysts are optimistic about Bitcoin’s price trajectory in the coming months. 

Real Vision chief crypto analyst Jamie Coutts cited historical trends in the U.S. Dollar Index (DXY), arguing that Bitcoin could surpass its previous all-time high of $109,000 sooner than expected. 

Based on historical DXY performance, Coutts predicts that Bitcoin’s price could range from a worst-case scenario of $102,000 to a best-case target of $123,000 by June 1.

BlackRock’s head of digital assets, Robbie Mitchnick, echoed this sentiment in a recent interview with Yahoo Finance. 

Mitchnick stated that Bitcoin is expected to perform well in a recessionary macro environment, reinforcing the growing conviction among institutional investors that Bitcoin remains a hedge against economic downturns.