Bitcoin exchange-traded funds (ETFs) based in the US just saw their biggest surge in inflows since late January, as the broader crypto market remained strong through the Easter period.
On April 21, the 11 Bitcoin ETFs collectively brought in $381.3 million in net inflows, with the ARK 21Shares Bitcoin ETF (ARKB) leading the charge with $116.1 million, according to data from CoinGlass.
This marks the most significant daily inflow for these ETFs since January 30, when they pulled in $588.1 million following Bitcoin’s brief run to a six-figure price.
Recent weeks had been sluggish for inflows, partly due to market jitters triggered by former President Donald Trump’s threats of a new global trade war. Bitcoin dipped below the $100K mark in early February and bottomed out at $74,773 on April 7, shortly after the announcement of tariffs that also rattled the stock market.
The Fidelity Wise Origin Bitcoin Fund (FBTC) followed with an $87.6 million inflow on April 21, while Grayscale’s Bitcoin Trust (GBTC) and its smaller sibling, the Bitcoin Mini Trust ETF (BTC), brought in a combined $69.1 million.
BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets under management, saw $41.6 million in new inflows—about half of what it pulled in prior to the holiday weekend.
Crypto Holds Strong as Traditional Markets Dip
With US markets closed on April 18 for Good Friday, trading resumed on April 21 with a negative tone. The S&P 500 fell by 2.4%, while both the Nasdaq and Dow Jones dropped 2.5%.
In contrast, the crypto sector held its ground over the long weekend. The overall crypto market cap jumped by $800 billion over the three-day break, sitting at $2.84 trillion.
Bitcoin helped drive that momentum, climbing past a $1.75 trillion market cap and hitting $88,500—a four-week high and the strongest performance since March 22.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
