Bitcoin spot ETF experiences 9 consecutive days of net inflows, with a total inflow of approximately $2.1 billion.

Odaily Planet Daily reported that according to SoSoValue data monitoring, on April 24th, Bitcoin spot ETFs recorded their 9th consecutive day of net inflows, with a single-day inflow of $14.45 million. The total inflow during this period reached approximately $2.1 billion, setting the longest net inflow record since September 2025. Last week, ETF inflows totaled $823.7 million, with BlackRock’s IBIT experiencing a weekly inflow of $983 million, reaching a six-month high.

CryptoQuant founder Ki Young Ju stated that the Bitcoin market is currently driven by futures, with open interest continuously rising, but aside from ETF inflows and MicroStrategy purchases, on-chain demand remains negative. CEX.IO chief analyst pointed out that recent gains are mainly driven by short covering, with total short liquidations since April 13th amounting to about $2.8 billion, far exceeding the $1.8 billion in long liquidations. Some ETF demand may stem from calendar arbitrage trading, which involves buying IBIT and shorting CME futures to profit from price differences; this strategy is market-neutral and not purely bullish. Currently, the 25-delta options market is in a negative skew, indicating investors are paying premiums for downside protection.

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