- US spot bitcoin ETFs recorded US$335.8 million in net inflows on April 22, according to Farside Investors data.
- BlackRock’s IBIT led the session with US$246.9 million, while Fidelity’s FBTC added US$56.7 million and Grayscale’s GBTC still posted an outflow.
- Eric Balchunas said every rolling flow period had turned positive for the first time in months, signaling a broader institutional rebound.
US spot Bitcoin ETFs swung back into positive territory across every major rolling period after taking in US$335.8 million (AU$483.6 million), with BlackRock’s IBIT once again driving most of the demand.
Farside Investors data showed IBIT absorbed US$246.9 million (AU$355.5 million) of that daily total, while Fidelity’s FBTC added US$56.7 million (AU$81.6 million) and Bitwise’s BITB contributed US$15.4 million (AU$22.2 million). ARKB, BTC, HODL and BTCO also finished positive, while Grayscale’s GBTC continued to bleed capital with a US$16.6 million (AU$23.9 million) outflow.
Moreover, a summary of Bloomberg Intelligence analyst Eric Balchunas’ April 23 flow table showed the category at about US$1.28 billion (AU$1.84 billion) over one week, US$2.16 billion (AU$3.11 billion) over one month, and US$1.85 billion (AU$2.66 billion) across both the three-month and year-to-date windows.
Related: SoFi Adds XRP Support, but Lack of Withdrawals Draws User Backlash
IBIT Carries The Rebound
IBIT, as a surprise to no one, remained the dominant force in the recovery, with roughly US$3.08 billion (AU$4.44 billion) in year-to-date inflows, a total Blachunas said ranked in the top 1% of all ETFs by fund-flow performance.
Fidelity is still contributing meaningful support, but Grayscale remains a headwind, with secondary coverage of Balchunas’ table showing GBTC down about US$960.4 million (AU$1.38 billion) year to date.
Farside’s cumulative table showed a sharp recovery from the earlier drawdown this year, yes, but Balchunas said the group still needs a few billion dollars more to reclaim its prior cumulative peak near US$62.8 billion (AU$90.4 billion).
His broader takeaway was that Bitcoin ETF flows are “back in the high life,” with every rolling period positive for the first time in months. ETF subscriptions remain one of the clearest real-time gauges of traditional-finance demand for Bitcoin exposure.
The renewed inflows also come after a rough start to 2026, when persistent withdrawals raised doubts about whether large allocators would keep using regulated Bitcoin wrappers during macro stress.
Related: Fed Chair Pick Kevin Warsh Says Crypto Is Already Embedded in Finance, Signals Support Without Backing CBDC
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