BlackRock Sets Single-Week Inflow Record, Bitcoin ETFs Attract $1.9 Billion

According to BroadChain, at 19:30 on April 21, as reported by CryptoNews, while Bitcoin's price found support above $74,000, BlackRock's spot Bitcoin ETF IBIT recorded a net inflow of $871 million last week, leading all crypto ETFs. During the same period, U.S. spot Bitcoin ETFs overall saw a net inflow of $1.9 billion, marking the strongest weekly performance since early February, with a single-day inflow of $663.89 million on April 17. Despite Bitcoin briefly dropping to $63,000 two months ago due to geopolitical tensions, recent institutional buying on dips pushed the price to briefly touch $78,000 last Saturday. Technical analysis indicates that Bitcoin is undergoing bullish consolidation above $74,000, with key resistance at $78,000. A decisive breakthrough could open the door to $80,000. Bitwise Chief Investment Officer Matt Hougan has raised his 2026 target price to over $200,000, citing reasons including ETF inflows, MicroStrategy's continued accumulation, and an improving policy environment. MicroStrategy's latest disclosure shows an acquisition of approximately 34,164 Bitcoins for about $2.54 billion, with an average cost of around $74,395. BlackRock CEO Larry Fink recently reiterated a long-term target price range of $500,000 to $700,000 for Bitcoin, stating that the structural demand for sovereign wealth funds to allocate 2%-5% to Bitcoin as a hedge against currency depreciation is irreversible.