US Bitcoin ETFs Experience Significant Inflows Amid Market Stability

On April 21, US Bitcoin ETFs recorded their largest inflows since January, totaling $381.3 million, led by ARK 21Shares Bitcoin ETF’s $116.1 million inflow. Despite market fluctuations due to political tensions, Bitcoin’s resurgence helped propel overall market cap to $2.84 trillion.

US Bitcoin exchange-traded funds (ETFs) experienced significant net inflows, registering their largest single-day total since January. On April 21, these ETFs saw a combined inflow of $381.3 million. The ARK 21Shares Bitcoin ETF (ARKB) contributed notably with a net inflow of $116.1 million, indicating a strong investor interest amid a positive shift in the crypto market.

Prior to this uptick, the ETFs had faced challenges in maintaining inflows due to market volatility linked to political events. A previous peak in Bitcoin trading saw prices surpass $100,000 before declining significantly, impacted by trade war threats from U.S. President Donald Trump, which caused instability in both crypto and stock markets.

The Fidelity Wise Origin Bitcoin Fund (FBTC) also showed considerable inflow with $87.6 million on April 21. Notably, the Grayscale Bitcoin Trust (GBTC) and its Bitcoin Mini Trust ETF (BTC) together secured $69.1 million in joint net inflows. Meanwhile, BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest in terms of assets, recorded net inflows of $41.6 million, reflecting its sustained investor interest.

During the Easter weekend, the crypto markets demonstrated resilience despite a challenging environment in the traditional stock market. Following the closure of U.S. markets on April 18 for Good Friday, the crypto sector gained a total market capitalization growth of $800 billion, reaching $2.84 trillion. Bitcoin’s rise above $88,500 signified a recovery, enhancing its total market value to over $1.75 trillion for the first time since late March.