US Spot Bitcoin ETFs Pull In $1.97 Billion in April, Best Month of 2026
US spot Bitcoin exchange-traded funds took in $1.97 billion in net inflows in April, their strongest month of 2026, according to SoSoValue. The result beat March's $1.37 billion and lifted cumulative inflows since the products debuted in early 2024 to more than $58 billion. Strong demand in March and April also offset redemptions seen in January and February, putting the group back in positive territory for 2026.
BlackRock's iShares Bitcoin Trust (IBIT) dominated April activity, drawing about $2 billion in net subscriptions. With IBIT's intake exceeding the category's overall total, other issuers collectively posted mild net outflows. Grayscale's Bitcoin Trust ETF (GBTC) extended its multiquarter redemption streak, losing roughly $280 million in April as investors continued to favor lower-fee alternatives.
Approved Bitcoin ETF fees reported in the market include: Grayscale $GBTC 1.5%; Hashdex $DEFI 0.9%; Valkyrie $BRRR 0.49%; Invesco $BTCO 0.39%; Wisdom Tree $BTCW 0.3%; Franklin $EZBC 0.29%; Blackrock $IBIT 0.25%; Fidelity $FBTC 0.25%; Vaneck $HODL 0.25%; Ark 21 $ARKB 0.21%; Bitwise $BITB 0.2%.
Smaller providers, including Fidelity's Wise Origin Bitcoin Fund, saw mixed day-to-day prints. SoSoValue data pointed to several outflow sessions late in April, when a brief volatility spike drove about $490 million in combined redemptions.
April's rebound signaled improving institutional positioning after early-year outflows tied to profit-taking and macro uncertainty. Bitcoin rose about 12% during the month and briefly traded above $80,000, its strongest monthly gain since April 2025.
Persistent ETF buying helped reduce exchange-traded spot supply and absorb selling from miners and short-term holders. Corporate treasury demand added to the bid, with several public companies reporting fresh purchases during the month, contributing to the recovery above $80,000.
Inflow momentum carried into early May, including multiday streaks totaling more than $1 billion in some weeks. Volatility has not disappeared, with occasional outflow days still reaching several hundred million dollars.
Spot Ethereum ETFs also improved, posting $356 million of net inflows in April, their first monthly gain since October 2025. Combined crypto ETF demand across Bitcoin and Ethereum products topped $2.3 billion.
Market participants are watching macro conditions, regulatory developments, and whether Bitcoin can hold the $80,000 level to gauge whether the inflow trend can persist.
