Key Takeaways
- Bitcoin ETFs within the U.S. recorded $381.3 million in each day inflows on April 21.
- ARK 21Shares and Constancy’s Bitcoin ETFs led with $116.1M and $87.6M, respectively.
- Bitcoin’s worth reached $88,500, lifting its market cap above $1.75 trillion.
U.S.-based Bitcoin exchange-traded funds posted their highest web each day inflows since January 30, with a mixed $381.3 million flowing into the 11 ETFs on April 21.
The surge comes as Bitcoin and broader digital asset markets remained resilient over the Easter vacation weekend.
High performing ETFs
Main the influx tally was the ARK 21Shares Bitcoin ETF (ARKB), which drew in $116.1 million, adopted by the Constancy Smart Origin Bitcoin Fund (FBTC) with $87.6 million, in keeping with CoinGlass information.
The Grayscale Bitcoin Belief (GBTC) and Grayscale’s Bitcoin Mini Belief ETF (BTC) collectively added $69.1 million in new capital.
Market restoration
Regardless of current volatility tied to political tensions, together with Donald Trump’s blanket tariff bulletins, which contributed to a Bitcoin dip to $74,773 on April 7, the market has rebounded.
Bitcoin reached a four-week excessive of $88,500 on April 22, pushing its market cap again above $1.75 trillion — its highest since March 22.
Different ETF exercise
In the meantime, BlackRock’s iShares Bitcoin Belief (IBIT), the biggest fund within the group, noticed $41.6 million in inflows on April 21, about half of its earlier session’s quantity.
Notably, the Invesco Galaxy Bitcoin ETF (BTCO) and WisdomTree Bitcoin Fund (BTCW) recorded no exercise.
Broader market affect
The broader digital asset market stayed buoyant, with whole capitalization rising by $800 billion over the lengthy weekend to $2.84 trillion.