
Bitcoin ETFs in the US have recently seen a notable increase in inflows, indicating a renewed revival in the crypto market.
Bitcoin ETFs in the US recorded their largest net inflows since January on April 21, indicating a positive sentiment in the crypto market. A total of $381.3 million flowed into the eleven Bitcoin ETFs, with the ARK 21Shares Bitcoin ETF (ARKB) leading the way with an inflow of $116.1 million. This is the largest inflow since January 30, when the ETFs recorded a combined net inflow of $588.1 million, shortly after Bitcoin reached a high.
The ETFs have struggled to sustain inflows in recent weeks, especially amid trade war threats from US President Donald Trump. According to CoinGecko, Bitcoin price fell below $100,000 in February and reached a yearly low of $74,773 on April 7 after Trump imposed tariffs on all countries, which also led to a stock market crash.
The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded the second-highest inflow on April 21 with $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and the Bitcoin Mini Trust ETF (BTC) combined saw inflows of $69.1 million. The Invesco Galaxy Bitcoin ETF (BTCO) and the WisdomTree Bitcoin Fund (BTCW) saw no inflows or outflows that day.
The largest ETF in the group, BlackRock‘s iShares Bitcoin Trust ETF (IBIT), saw net inflows of $41.6 million, roughly half the inflows it had seen before the weekend trading halt on April 17. Despite the U.S. markets closing on April 18 due to Good Friday, the crypto markets managed to hold on to their gains over the long weekend.
The total value of the crypto market increased by $800 billion over the three-day pause, holding at $2.84 trillion. Bitcoin contributed significantly to this increase, reaching a market value above $1.75 trillion for the first time since March 22 and reaching a price above $88,500, a four-week high.
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