US Bitcoin ETFs clock biggest inflows since January as crypto markets gain
US-based Bitcoin exchange-traded funds (ETFs) experienced their largest net inflows since late January, totaling $381.3 million on April 21. The ARK 21Shares Bitcoin ETF (ARKB) led with an inflow of $116.1 million. This marked the highest inflow day since January 30, when the ETFs collectively saw $588.1 million in inflows. Recent weeks had seen a decline in inflows due to trade war threats from US President Donald Trump, contributing to Bitcoin's drop below $100,000 in early February and a low of $74,773 on April 7. The Fidelity Wise Origin Bitcoin Fund (FBTC) received $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) had joint inflows of $69.1 million. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw $41.6 million in inflows. Despite a downturn in US stock markets, the total crypto market capitalization rose by $800 billion over the Easter weekend, reaching $2.84 trillion, with Bitcoin's market value exceeding $1.75 trillion and its price hitting a four-week high above $88,500.
