News 
April 23, 2025 
4 min. 
Bitcoin ETF inflows saw a dramatic reversal in institutional activity as BTC price gains reignited investor confidence. On April 22, institutional players injected more than 11 times the historical average into U.S. spot Bitcoin ETFs.
According to new data from on-chain analytics provider Glassnode, the inflows totaled a staggering $912 million, which is over 500 times the average daily inflows seen in 2025.
Glassnode Reports Record-Breaking Bitcoin ETF Activity Amid BTC Price Surge
Bitcoin ETF inflows surged dramatically this week as rising BTC prices triggered a sharp uptick in institutional interest, pushing total inflows close to $1 billion in just one day. The BTC/USD pair climbed to its highest point since early March, fueling renewed momentum.
According to blockchain analytics firm Glassnode, this level of inflow is highly uncommon. So far in 2025, the average daily Bitcoin ETF inflow has been a modest 23 BTC, valued at approximately $2.1 million.
“This marks the strongest single-day inflow since November 11, 2024,” analysts stated in a thread on X, pointing to a strong revival in market sentiment.
The April 22 inflow figure stands out starkly, exceeding the 2025 daily average by more than 500 times. It highlights the scale of investor reaction in a year marked by volatile sentiment and widespread ETF withdrawals.
Even when looking back to the ETFs’ launch in January 2024, the $912 million intake remains rare. Glassnode noted that since their inception, average daily inflows have hovered around 1,031 BTC, making the April 22 spike more than 11 times the usual figure.
Glassnode described the event as a “significant deviation” from typical patterns, underscoring the scale of the shift.
ETFs Emerge as Key Bitcoin Buyers Amid Renewed Market Optimism
Momentum is building for Bitcoin ETFs once again, with analysts noting a significant shift in market dynamics. Bloomberg ETF expert Eric Balchunas expressed confidence in the turnaround, highlighting a notable surge in activity.
“The spot Bitcoin ETFs went full-on Pac-Man yesterday,” he shared with his X audience, referring to the aggressive accumulation behavior seen across the market.
Unlike previous trends where BlackRock’s iShares Bitcoin Trust (IBIT) typically dominated the inflows, this time gains were more evenly distributed across most of the eleven listed ETFs, signaling a broader investor appetite.
Echoing this optimism, Andre Dragosch, Head of Research in Europe at Bitwise Asset Management, highlighted a deeper trend.
“It’s great to witness strong net inflows returning to Bitcoin ETFs,” he commented. “In fact, since January 2024, they’ve effectively become the marginal buyers of Bitcoin,” referencing further insights from Glassnode’s on-chain analytics.
