Demand for US-listed spot Bitcoin ETFs has returned to the longest positive stretch of 2026, putting fund flows back at the center of Bitcoin’s latest test of the $80,000 area.
SoSoValue facts show that the products attracted net inflows for nine consecutive trading days through April 24, adding about $2.12 billion since April 14.
The run is the strongest since last October’s inflows and comes at a time when Bitcoin is worth almost $78,000 after gaining about 11% in the past month.
BlackRock’s iShares Bitcoin Trust continued to be the main driver of this move, raising around $1.6 billion recently. Morgan Stanley’s Bitcoin Trust followed with about $115 million, while Grayscale’s BTC product added more than $73 million.
The renewed demand has pushed the total net assets of US Bitcoin ETFs to the market to approximately $101 billion, which is equivalent to approximately 6.57% of Bitcoin’s market capitalization. That puts the ETF complex back at the center of the market’s next big test, as Bitcoin trades near the top of its recent range.
Demand for ETFs is recovering after a weaker period
The latest inflows mark a shift after several months of cooling in demand for Bitcoin ETFs from the pace seen during earlier stages of the spot fund boom.
Bloomberg ETF analyst Eric Balchunas said Rolling flow periods for Bitcoin ETFs have turned positive again after months of weakness, with IBIT’s recent inflows among the strongest in the broader ETF market.
Meanwhile, the recovery in ETF demand gives Bitcoin a clearer base of support than during the previous correction.
Ecoinometry, a macro research platform, said the current series showed capital returning to the market as the funds’ 30-day rolling net inflows have turned higher after nearing the outflow zone.
Still, the platform noted that the recovery in ETF flows has not yet reached a level that would more firmly validate a sustained breakout. According to Ecoinometrics, the model points to a net inflow of roughly 50,000 BTC over 30 days as the threshold at which the odds shift more decisively towards sustained positive returns.
This means that Bitcoin is currently in a stronger position than during the previous correction. The current rally is creating new demand, although the magnitude of that demand remains below the level usually associated with a more sustained upward move.
Cost-based data also shows why the $80,000 region is important. Bitwise facts showed that the total cost basis for US spot Bitcoin ETF buyers as of April 24 was approximately $81,000. IBIT’s cost basis was about $80,200, while Fidelity’s FBTC and Bitwise’s BITB were lower at about $59,300 and $55,400, respectively.
That puts many recent ETF buyers close to breakeven as Bitcoin approaches $80,000. A move in that area could boost confidence among newer investors, while another rejection could encourage profit-taking and hedging.