Spot Bitcoin exchange-traded funds (ETFs) in the United States saw a significant surge in inflows on April 22, marking the largest single-day net inflow since President Donald Trump returned to office in January. Data from SpotOnChain revealed that 11 spot Bitcoin ETFs attracted a total of $912.7 million on that day. Among them, ARK 21Shares Bitcoin ETF (ARKB) led with $267 million in net inflows, followed by Fidelity’s FBTC with $253 million and BlackRock’s iShares Bitcoin Trust (IBIT) with $193 million. IBIT also saw robust trading activity, recording over $4 billion in volume and becoming one of the most-traded ETFs in the US market.
The surge in Bitcoin ETF inflows has been attributed to a shift in investor sentiment driven by broader market volatility and evolving macroeconomic conditions. The strong inflows indicate that both institutional and retail investors are once again turning to Bitcoin as a safe haven asset amid economic uncertainty. This renewed interest in Bitcoin ETFs suggests growing confidence in the digital currency’s ability to preserve value and provide a hedge against market fluctuations.
In contrast to Bitcoin ETFs, Ethereum-focused ETFs also experienced a positive turnaround on April 22 after nine consecutive sessions of weak or negative flows. According to SpotOnChain data, Ethereum ETFs received a combined $38.8 million in net inflows on that day. Fidelity’s Ethereum ETF (FETH) accounted for the majority of the inflow, attracting $32.7 million, followed by Bitwise’s ETHW with $6.1 million inflow, while other Ethereum ETFs recorded zero flows. This modest increase in Ethereum ETF inflows signals a cautious return of investor confidence in the digital asset amidst tightening liquidity and uncertain market signals.
The renewed buying interest in Ethereum ETFs hints at optimism over Ethereum’s future, particularly as the network gears up for key upgrades. Despite facing sustained outflows in recent weeks, the positive inflows suggest that investors are starting to see potential in Ethereum as a promising investment opportunity. As Ethereum continues to evolve and improve its network capabilities, investors are showing renewed interest in Ethereum ETFs as a way to gain exposure to the digital asset and potentially benefit from its future growth.
Overall, the recent uptick in inflows for both Bitcoin and Ethereum ETFs reflects a broader trend of increasing interest in digital assets as alternative investment options. With traditional markets facing uncertainty and volatility, investors are turning to cryptocurrency ETFs as a way to diversify their portfolios and protect against market risks. As the digital asset market continues to evolve and mature, ETFs focused on Bitcoin and Ethereum are becoming popular choices among both institutional and retail investors looking to capitalize on the potential growth and stability offered by cryptocurrencies.
