Bloomberg Analyst Sees Rare Reversal in Bitcoin ETF Flows

TLDR

• Bloomberg analyst Eric Balchunas reported that all tracked rolling periods for spot Bitcoin ETFs have turned positive.
• BlackRock’s iShares Bitcoin Trust attracted $3 billion in recent inflows and ranked in the top 1% of ETFs by volume.
• Spot Bitcoin ETFs recorded $324.5 million in combined net inflows on April 22, according to CoinMarketCap data.
• BlackRock’s IBIT led daily inflows with $246.9 million, while Fidelity’s FBTC and Bitwise’s BITB followed.
• Morgan Stanley launched the Morgan Stanley Bitcoin Trust with a 0.14% annual fee, the lowest among spot Bitcoin ETFs.

U.S. spot Bitcoin exchange-traded funds have shifted direction after months of uneven performance. Bloomberg analyst Eric Balchunas reported that all tracked rolling periods now show positive inflows. The reversal comes as Bitcoin trades near $77,800 and institutions return to the market.

Bitcoin ETF Flows Turn Positive Across All Rolling Periods

Eric Balchunas confirmed that Bitcoin ETF flows have aligned across every rolling period tracked by Bloomberg.

He added that BlackRock’s iShares Bitcoin Trust recorded $3 billion in recent inflows. The surge placed the fund in the top 1% of all ETFs by volume. As a result, the data reflects sustained demand from institutional investors.

CoinMarketCap reported that spot Bitcoin ETFs posted $324.5 million in combined net inflows on April 22. BlackRock’s IBIT accounted for $246.9 million of that total. Fidelity’s FBTC and Bitwise’s BITB followed with smaller contributions.

The data shows a consistent upward trend across multiple tracking windows. Analysts recorded positive performance over short and extended periods. Consequently, the inflow streak reflects renewed buying pressure.

Bitcoin continued to trade near $77,800 during the reporting period. The price level supported continued capital movement into ETFs. Therefore, market activity aligned with ETF performance data.

Morgan Stanley Bitcoin Trust Enters With Lowest Fee

Morgan Stanley entered the market with the launch of the Morgan Stanley Bitcoin Trust in early April. The firm set the annual fee at 0.14%, or 14 basis points. The pricing made it the lowest-cost spot Bitcoin ETF available.

The fund collected $139 million in assets within its first nine days. The quick asset growth reflected strong early demand. As a result, the product gained attention across financial markets.

Other Wall Street firms have advanced similar products through regulatory channels. Goldman Sachs proposed the Bitcoin Premium Income ETF and submitted it for SEC review. The filing confirmed expanding participation from established institutions.

BlackRock’s IBIT continues to lead in total inflows among spot Bitcoin ETFs. Fidelity and Bitwise maintain steady positions behind the market leader. Therefore, competition across issuers remains active.

Bloomberg data now shows that each monitored rolling period has turned positive. Balchunas described the alignment as rare based on recent trends. The updated figures reflect the latest available ETF flow data as of April 22.

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