Bitcoin exchange-traded funds saw a massive $819.7 million in inflows this week, driven by renewed risk appetite after the US-Iran ceasefire took hold in mid-April. The truce has kept the Strait of Hormuz open, easing energy market fears and fueling a broad rally in crypto assets.
Spot Bitcoin ETFs now manage over $102 billion, with institutional heavyweights like BlackRock continuing to lead. Despite the strong inflows, prediction markets show only a 0.4% chance Bitcoin hits $80,000 in April, though there's a 99.8% probability it stays above $68,000 into May.
The inflow surge signals deep institutional conviction, even as near-term price targets remain cautious. Analysts are watching for further statements from the Fed and major corporate holders like MicroStrategy for the next catalyst.