U.S. spot Bitcoin ETFs recorded their highest inflow since January with $381.3 million on April 21, coinciding with Bitcoin’s price exceeding $94,000. This reflects renewed institutional interest following a bearish phase. Key contributors included ARKB, FBTC, BITB, and IBIT. The uptick in ETF investments follows recent market volatility and economic concerns, signalling potential stabilisation for Bitcoin prices.
In the U.S., spot exchange-traded funds (ETFs) tracking Bitcoin are experiencing their most substantial inflows since January, coinciding with a rebound in Bitcoin’s price above $94,000. This surge in investor interest indicates a positive shift in market sentiment following a stagnant period.
On April 21, Bitcoin ETFs collectively attracted $381.3 million, the largest daily inflow since January 30. Leading this influx, ARK 21Shares’ ARKB drew in $116.1 million, while Fidelity’s FBTC and Bitwise’s BITB followed with inflows of $87.6 million and $45.1 million, respectively. BlackRock’s iShares Bitcoin Trust (IBIT) also contributed with $41.6 million.
Earlier in the year, Bitcoin ETFs observed remarkable inflows, including $1.96 billion in the week ending January 17, when Bitcoin prices peaked near $109,000 on January 20. However, prices later fell to approximately $75,000 due to a broader market decline. Currently, the return of significant inflows may help stabilise prices as of $94,224, according to CoinGecko.
These developments follow a prolonged bearish phase attributed to global economic uncertainties, including trade tensions and recession fears. Recent comments from U.S. President Trump criticising Federal Reserve Chairman Jerome Powell further added to market volatility, highlighting concerns over economic management.
The significant influx of ETF investments suggests renewed institutional interest in Bitcoin, reversing a brief period of minimal activity, where only $6 million in net inflows were recorded for crypto products in mid-April and U.S. products lost $71 million according to CoinShares’ report.
