US Bitcoin ETFs Hit 9-Day Inflow Streak, Nearing 7% of Bitcoin Supply

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.

ETF Inflows: Key Figures

• BlackRock’s iShares Bitcoin Trust (IBIT): Approximately $1.6 billion
• Morgan Stanley’s Bitcoin Trust: About $115 million
• Grayscale’s BTC product: 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.

Bitcoin’s Market Position

Bitcoin trades near $78,000 after gaining around 11% over the past month. The current rally follows a derivatives short squeeze, demonstrating resilience near the top of its recent range.

Analyst Insights on ETF Demand

“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.”

— Eric Balchunas, Bloomberg ETF analyst

Ecoinometrics, a macro research platform, noted that the current streak signals capital returning to the market as the funds' 30-day rolling net inflows have turned higher after nearing outflow territory.

However, the platform emphasized that the ETF flow recovery has not yet reached a level that would more firmly validate a sustained breakout. Ecoinometrics’ model points to roughly 50,000 BTC in net inflows over 30 days as the threshold for a decisive shift toward sustained positive returns.

Cost Basis and the $80,000 Threshold

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.

This places many recent ETF buyers close to breakeven as Bitcoin approaches $80,000.