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Daily inflows into US-listed Bitcoin exchange-traded funds reached $381.3 cardinal connected April 21, their biggest single-day inflows since January.
US-based Bitcoin exchange-traded funds (ETFs) had their largest time of nett inflows since precocious January, arsenic crypto markets remained buoyant implicit the Easter weekend.
The 11 Bitcoin (BTC)-tracking funds saw a associated net inflow of $381.3 cardinal connected April 21, mostly carried by a $116.1 cardinal inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to CoinGlass data.
It's the largest inflow time for the ETFs since the funds had a $588.1 cardinal associated nett inflow connected Jan. 30, days aft Bitcoin deed a highest and was trading with a six-figure terms tag.
Total Bitcoin ETF flows since their motorboat successful January 2024. Source: CoinGlassThe ETFs person struggled to support inflows implicit the past fewer weeks amid US President Donald Trump’s trade warfare threats. CoinGecko shows Bitcoin fell beneath $100,000 successful aboriginal February and deed a 2025 debased of $74,773 connected April 7, days aft Trump placed tariffs connected each country, which besides caused a banal marketplace slump.
The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second-largest inflow for April 21, with $87.6 million, portion the Grayscale Bitcoin Trust (GBTC) and the company’s Bitcoin Mini Trust ETF (BTC) saw associated nett inflows of $69.1 million.
The Invesco Galaxy Bitcoin ETF (BTCO) and the WisdomTree Bitcoin Fund (BTCW) saw nary inflows oregon outflows connected April 21. Source: CoinGlassBlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest of the radical by assets nether management, saw nett inflows scope $41.6 million, astir fractional of the inflows it saw earlier the play trading interruption connected April 17.
Crypto stays afloat implicit agelong weekend
US markets had unopen down connected April 18 successful observance of Good Friday, and trading connected Monday, April 21, saw them close successful the red, with the S&P 500 down 2.4%, portion the Nasdaq and the Dow Jones each dropped 2.5%.
Related: Bitcoin rally supra $100K whitethorn travel US Treasury buybacks — Arthur Hayes
The crypto markets, meanwhile, were capable to clasp onto gains made implicit the agelong weekend, with the full crypto marketplace capitalization climbing by $800 cardinal implicit the three-day interruption to clasp astatine $2.84 trillion.
Bitcoin has boosted that total, having climbed supra a marketplace worth of $1.75 trillion for the archetypal clip since March 22 arsenic its terms struck supra $88,500, a four-week high.
Magazine: Financial nihilism successful crypto is implicit — It’s clip to imagination large again
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