Demand for US-listed spot Bitcoin ETFs has rebounded into its longest positive stretch of 2026, putting fund flows back at the center of Bitcoin’s latest test of the $80,000 area.
SoSoValue data show the products drew net inflows for nine consecutive trading days through April 24, adding about $2.12 billion since April 14.
US Bitcoin ETFs Flow in The Last 30 Days (Source: SoSoValue)
BlackRock’s iShares Bitcoin Trust remained the main driver of the move, attracting roughly $1.6 billion during the latest stretch. Morgan Stanley’s Bitcoin Trust followed with about $115 million, while Grayscale’s BTC product added more than $73 million.
The renewed demand has lifted total net assets across US spot Bitcoin ETFs to about $101 billion, equal to roughly 6.57% of Bitcoin’s market capitalization. That puts the ETF complex back at the center of the market’s next major test, as Bitcoin trades near the top of its recent range.
The latest inflow streak signals a shift after several months in which Bitcoin ETF demand had cooled from the pace seen during earlier stages of the spot-fund boom.
Bloomberg ETF analyst Eric Balchunassaid rolling flow periods for Bitcoin ETFs have turned positive again after months of weakness, with IBIT’s recent intake ranking among the strongest across the broader ETF market.
Meanwhile, the recovery in ETF demand gives Bitcoin a clearer support base than it had during the prior correction.
Ecoinometrics, a macro research platform, said the current streak showed that capital was returning to the market as the funds' 30-day rolling net inflows have turned higher after nearing outflow territory.
Still, the platform noted that the ETF flow recovery has not yet reached a level that would more firmly validate a sustained breakout. Ecoinometrics said its model points to roughly 50,000 BTC in net inflows over 30 days as the threshold at which the odds shift more decisively toward sustained positive returns.
This means Bitcoin is currently in a stronger position than during the earlier correction. The current rally has fresh demand behind it, though the scale of that demand remains below the level usually associated with a more durable upside move.
Cost-basis data also show why the $80,000 region is important. Bitwise data showed the aggregate cost basis for US spot Bitcoin ETF buyers at about $81,000 as of April 24. IBIT’s cost basis was around $80,200, while Fidelity’s FBTC and Bitwise’s BITB were lower at about $59,300 and $55,400, respectively.
US Bitcoin ETFs Average Cost Basis (Source: Bitwise)
That places many recent ETF buyers close to breakeven as Bitcoin approaches $80,000. A move through that area could strengthen confidence among newer holders, while another rejection may encourage profit-taking and hedging.
