Bitcoin ETFs over $3 billion 'bender', recording the first week of inflows in 5 weeks.

ETF analyst Eric Balchunas pointed out how quickly Bitcoin ETFs are transitioning from “number 1 to number 5.”

Exchange-traded funds (ETFs) Bitcoin in the United States have seen over $3 billion flow in this week, marking the first week of consecutive inflows in five weeks.

On April 25, Bitcoin number 11. According to Farside data, the ETF saw $380 million in inflows, raising the total for the week to about $3.06 billion over five consecutive days of inflows. The last time the Bitcoin ETF had a full week of inflow days was the week ending March 21.

The strong inflow week turned April into a positive month.

ETF analyst Eric Balchunas stated in a post on April 24 on X that "ETFs are in a Bitcoin frenzy."

Balchunas said, “What’s really remarkable here is the speed of the move from number 1 to number 5,” while predicting that some of that moving flow could be due to “the base deal coming back into effect.”

In the context of ongoing financial and macroeconomic instability, spot Bitcoin ETFs have experienced a volatile April, with nine out of a total of 18 trading days so far showing outflows.

However, the strong inflow of capital over the past week has turned this month into a positive one, raising the total net inflow for April to about $2.26 billion.