Bitcoin ETFs Shatter $2,780,000,000 in Net Inflows in Just Seven Days, According to Lookonchain

A prominent on-chain analytics firm says the 10 largest Bitcoin exchange-traded funds (ETFs) witnessed massive inflows over the past week as BTC surged above $90,000.

On the social media platform X, Lookonchain says the Bitcoin ETFs saw net inflows of 29,321 BTC worth $2.78 billion in just seven days.

Net inflows refer to the number of coins entering an ETF minus outflows or coins leaving the investment vehicle.

The analytics firm also notes that nine Ethereum ETFs witnessed positive total net inflows last week to the tune of 20,518 ETH worth $36.5 million.

Says Lookonchain,

Meanwhile, data from the crypto investment research platform SoSoValue shows that as of April 25th, investors have poured a total of $109.27 billion into US Bitcoin ETFs and $6.14 billion into US Ethereum ETFs.

At time of writing, Bitcoin is trading for $94,879 while Ethereum is worth $1,837.

Lookonchain is also keeping a close watch on the fundamentals of the layer-1 protocol Sui (SUI) after the altcoin went on a rampage last week.

Source: Lookonchain/X

At time of writing, SUI is trading at $3.53.