As Bitcoin (BTC) tries to regain a crucial support level, spot exchange-traded funds (ETFs) based on the flagship cryptocurrency have recorded their best performance since October’s market crash.
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Bitcoin ETFs ‘back in the good life’
US spot Bitcoin ETFs extended their positive streak to eight days after raking in $223.2 million on Thursday, signaling strong demand for the investment products as the crypto market recovers.
The BTC-based funds have consistently seen positive net flows since April 14, with $2.09 billion in inflows recorded during this period, according to data from SoSoValue.
This marks the category’s strongest performance across multiple time frames since the nine-day streak in late September-early October, when products saw inflows of about $5.33 billion.
In the weekly and monthly timeframes, Bitcoin ETFs are currently posting their best performance of 2026, matching March’s four-week streak but nearly doubling monthly inflows, with $2.43 billion in April so far and four days to go.
Market observer Sjuul from AltCryptoGems claimed that sustained institutional demand is picking up again, highlighting that the products are about to close their second green month of 2026, and the first two-month streak since October 2025.
This also applies to Bloomberg Senior ETF analyst Erich Balchunas confirmed that Bitcoin ETF flows are “back to life” as every single tracking period turns positive and cumulative net inflows reach $58.33 billion.
“Every rolling period we track is now positive, something we haven’t seen in months (IBIT’s $3 billion is in the top 1% of all ETFs). Still, we need a few billion more to break new ground in cumulative lifetime flows (62.8 billion),” he wrote on X.
All eyes on BTC’s weekly close
The performance of Bitcoin ETFs comes as the flagship cryptocurrency continues to decline from a key resistance area. In a recent analysis, Rekt Capital says said that although the price of BTC is experiencing upward momentum, key levels have not yet changed.
In particular, the 21-week Exponential Moving Average (EMA), located around $78,000, remains a key resistance level as the cryptocurrency has failed to regain it within the weekly time frame.
“If BTC Weekly closes above the 21-week EMA, it would be worth seeing if the EMA can be reclaimed as support,” the analyst confirmed, adding that this level tends to act as resistance in bear markets.
On the contrary, if BTC fails to regain this level as support, it could push BTC’s price into a post-breakout retest of its Double Bottom pattern. Last week, Rekt Capital highlighted that Bitcoin had broken out of a Double Bottom formation, which could lead to a moderate move towards the $81,000-$82,500 area.
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Now he has claimed that the “Double Bottom formation summit could always become a post-outbreak retest zone in the event of rejection by the EMA.” Besides, he emphasized that BTC remains below the base of the macrotriangle formation from which it broke off at the end of January.
Historically, Bitcoin has failed to regain a macro triangle during a bear market once the price collapses. If this trend continues, the analyst warned, the flagship crypto could see limited additional upside toward the base of the pattern before resuming the correction toward the market bottom.
Featured image from Unsplash.com, chart from TradingView.com