Bitcoin exchange-traded funds (ETFs) based in the U.S. have experienced their most significant day of net inflows since late January, as the cryptocurrency market displayed notable resilience over the Easter weekend.
Data from CoinGlass reveals that a total of 11 Bitcoin-tracking ETFs garnered a remarkable $381.3 million in net inflows on April 21. The ARK 21Shares Bitcoin ETF (ARKB) led this trend, attracting $116.1 million on its own.
This influx of capital marks the highest single-day inflow recorded since January 30, when ETFs collectively saw $588.1 million come in right after Bitcoin’s price surpassed the $100,000 mark.
Challenges for Bitcoin ETFs Amid Political Tensions
Despite the recent surge, Bitcoin ETFs have faced obstacles in recent weeks, primarily due to a decline in investor confidence resulting from U.S. President Donald Trump’s escalating trade war language.
Bitcoin’s price slipped below $100,000 in early February and reached a yearly low of $74,773 on April 7, impacted by increasing tariffs and declines in traditional markets.
Other notable participants in the ETF landscape also reported renewed inflows on April 21. The Fidelity Wise Origin Bitcoin Fund (FBTC) pulled in $87.6 million, while Grayscale’s Bitcoin Trust (GBTC) and its Mini Trust ETF (BTC) attracted a combined $69.1 million.
Additionally, BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets, noted $41.6 million in net inflows. Although this figure was lower than amounts seen prior to the weekend, it still reflects a solid demand for the asset.
NEW: #Bitcoin ETFs bought $381 MILLION worth of BTC yesterday, the highest since January.
We are so back pic.twitter.com/yGWD9I59CY
— Bitcoin Magazine (@BitcoinMagazine) April 22, 2025
In contrast to the downward trend in U.S. equity markets, where the S&P 500 fell by 2.4% alongside similar declines in the Nasdaq and Dow Jones, cryptocurrency markets managed to keep their upward trajectory.
Throughout the three-day holiday weekend, the total market capitalization of cryptocurrencies increased by $800 billion, reaching $2.84 trillion.
Bitcoin was a substantial contributor to this growth, climbing above $88,500 for the first time in four weeks and boosting its market capitalization to over $1.75 trillion.
The robust inflows into ETFs and the overall performance of the market indicate an increasing level of investor confidence in Bitcoin, even in the face of ongoing macroeconomic uncertainties.
Digital Asset Investment Products Experience Subdued Inflows
Digital asset investment products observed modest inflows of $6 million last week, reflecting a somewhat mixed sentiment among investors.
Initial inflows early in the week were negate mid-week, following robust U.S. retail sales data that led to $146 million in outflows.
The United States was the main contributor to these outflows with $71 million, while Europe and Canada displayed a more positive outlook, with Switzerland, Germany, and Canada recording notable inflows.
Overall, Bitcoin experienced fluctuating investor sentiment, concluding the week with a loss of $6 million in outflows. Meanwhile, Short Bitcoin products marked their seventh consecutive week of outflows.
Ethereum continued to stumble, losing $26.7 million, which accumulates to an outflow total of $772 million over eight weeks. Nevertheless, Ethereum retains strong year-to-date inflows.
Conversely, XRP emerged as a standout asset, attracting $37.7 million in inflows, making it the third-best performing asset this year with $214 million in cumulative inflows year-to-date.
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