finance
Bitcoin Spot ETFs Record $996 Million Inflows Amid Geopolitical and Market Developments
Bitcoin spot exchange-traded funds reported net inflows of $996.4 million last week, marking the largest weekly total since mid-January 2026. Spot Ethereum ETFs also saw $275.8 million in inflows, the highest since January 16, 2026. These inflows occur as Bitcoin tests key price levels and amid ongoing U.S.-Iran ceasefire discussions.
Apr 20, 7:56 AM·1m read1 source
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spot exchange-traded funds recorded net inflows of $996.4 million last week, the largest weekly total since mid-January 2026, according to Benzinga. This marks three consecutive weeks of positive flows, with more than $1.8 billion drawn in over the past three weeks.
Spot Ethereum exchange-traded funds posted net inflows of $275.8 million, their highest weekly total since January 16, 2026. BlackRock's iShares Bitcoin Trust, listed as IBIT on Nasdaq, led the inflows with $906 million. Morgan Stanley's Bitcoin Trust, listed as MSBT on the NYSE, recorded $71 million in its first full trading week since launching on April 8, 2026.
President Donald Trump announced that U.S. negotiators are heading to Islamabad for potential talks with Iran. He noted that this factor affected crypto inflows prior to the U.S.-Iran conflict and will continue to influence sentiment in the medium to long term.
Bitcoin is testing resistance at $78,390, identified as the SAR level, which is the last technical barrier before $80,000. The Supertrend level is at $68,832, maintaining a bullish daily trend. The price has broken above a rising wedge from February 2026 lows and crossed a descending trendline from the October 2025 peak for the first time in six months.
Key support levels for Bitcoin on April 20 and 21, 2026, are at $74,017, $71,000, and $68,832. Resistance levels are at $78,390, $80,000, and $85,000. A break and hold above $78,400 could lead to prices reaching $85,000.
