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Spot Bitcoin ETFs attracted $1 billion in a week amid a return of risk appetite
Spot Bitcoin ETFs recorded nearly $1 billion in net inflows over the past week — the best result in more than three months, as market sentiment shifts back toward risk assets.
Data shows that spot Bitcoin ETFs attracted a total of $996 million in net inflows over the week. This marks the highest level since early January, when inflows reached approximately $1.4 billion.
On April 17, inflows totaled $663.9 million — the best single-day result of the week, which had started with an outflow of $291 million. Meanwhile, investors added $411.5 million on April 14, $186 million on April 15, and $26 million on April 16.
Total net assets under management in spot Bitcoin ETFs exceeded $101 billion by the end of the week. At the same time, daily trading volumes surged, approaching $4.8 billion.
Markets are pricing in geopolitical de-escalation
Markets are now focusing more on future geopolitical scenarios rather than just the existence of risk itself. Signs of de-escalation, especially in US–Iran relations, have reduced the likelihood of extreme outcomes. This has weakened demand for traditional safe-haven assets, including the US dollar.
The Federal Reserve continues to take a cautious stance, and expectations for rate cuts remain limited. At the same time, growing concerns about demand for US debt and high long-term bond yields are undermining confidence in traditional “risk-free” assets. All of this puts additional pressure on the dollar and redirects capital into alternative instruments, including Bitcoin.
Bitcoin rises above $78,000 after Strait of Hormuz reopening
On April 17, Iran’s foreign minister announced that the Strait of Hormuz had reopened to commercial shipping for the duration of the current ceasefire. The statement was quickly confirmed by Donald Trump. The decision eased immediate concerns about disruptions to oil supply through one of the world’s key routes.
Following the news, Bitcoin rose above $78,000, while Brent crude prices fell by approximately 10% to around $85 per barrel.
AI Perspective
The weekly inflow figure of $996 million looks impressive, but ETF market history highlights an important nuance: large inflows are often concentrated in one or two trading days rather than evenly distributed. This is exactly what happened this week — $663.9 million came in a single day (April 17). The “one trigger — one spike” pattern has been seen before: the record in November 2024 was also a one-day event directly tied to a specific political development.
This situation reveals an interesting dependency: Bitcoin is becoming increasingly correlated with geopolitical news rather than its own fundamentals. This means that if tensions around the Strait of Hormuz escalate again, capital outflows could be just as rapid as the recent inflows.
See also: "Bitcoin Hits 10-Week High and Breaks Above $78,000"
