Funds are reflowing into BTC's main battlefield, with the ETF channel becoming the core entry point.

Last week (April 13–17, Eastern Time), the total net inflow into Bitcoin spot ETFs reached as high as $996 million, indicating that institutional investment willingness continues to heat up.

Breaking down the structure:

BlackRock's IBIT led with a weekly net inflow of $906 million, with a total net inflow of $64.63 billion historically, continuing to serve as the "main capital channel."
ARK Invest & 21Shares' ARKB followed closely, with a weekly net inflow of about $98.5 million.
Fidelity's FBTC experienced a net outflow of $104 million, becoming the main capital outflow.

As of now:

The total net asset value of Bitcoin spot ETFs has reached $101.45 billion.
ETF holdings' proportion of BTC's total market cap has risen to 6.55%.
The total net inflow has reached $57.74 billion historically.

The key signal from this data is:
Institutional funds have not exited but are continuing to increase their core BTC holdings through structural rebalancing.

The essence of ETFs is not just a "buying tool," but also a bridge for traditional capital to enter the crypto market.

As funds continue to flow through this channel, market pricing logic is quietly changing.

Follow me for ongoing tracking of institutional fund flows and the core driving forces of the crypto market.