Bitcoin ETF net inflow surges $23.5M, breaking three-day outflow streak

U.S. spot Bitcoin ETFs saw a net inflow of $23.5 million on April 30, ending a three-day outflow streak and prompting a modest positive market reaction. BlackRock’s IBIT and Fidelity’s FBTC were the primary drivers, contributing $19.1M and $26.6M respectively (combined $45.7M), offsetting outflows from smaller funds. The flows coincided with a 1.2% uptick in Bitcoin’s price and an 8% rise in exchange trading volume. Analysts say ETF flows remain a key sentiment indicator: sustained inflows could support further gains, while isolated daily inflows are not conclusive. The story highlights institutional preference for low-fee, liquid spot ETFs and notes continued outflows at higher-fee funds like Grayscale’s GBTC.