Bitcoin ETFs Bounce Back With Largest Inflows in Nearly Three Months

Bitcoin exchange-traded funds in the U.S. saw a major resurgence on April 21, marking their strongest day for net inflows in nearly three months.

Investors funneled $381.3 million into the 11 funds tied to Bitcoin’s performance, according to data from Farside. The surge was led by the ARK 21Shares Bitcoin ETF, which alone attracted over $116 million.

This spike in inflows is the most significant since January 30, when the ETFs pulled in nearly $600 million shortly after Bitcoin reached new highs. Since their launch in early 2024, Bitcoin ETFs have had a turbulent run, recently weighed down by broader market concerns, including economic tensions triggered by tariffs introduced by former President Donald Trump.

The market dip earlier in April, which pushed Bitcoin as low as $74,773, coincided with a broader sell-off in U.S. equities. Yet, April 21 signaled a recovery. Fidelity’s FBTC pulled in $87.6 million, while Grayscale’s Bitcoin Trust and its Mini Trust counterpart collectively saw $69.1 million in new investments.

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Other funds such as Invesco Galaxy and WisdomTree’s Bitcoin ETF recorded no activity that day. Meanwhile, inflows to BlackRock’s iShares Bitcoin Trust slowed to $41.6 million, roughly half of what it gathered before the Easter break.

While traditional markets struggled post-holiday—with major indices falling over 2%—crypto assets held their ground. The total market cap for digital currencies added $800 billion over the long weekend, reaching $2.84 trillion. Bitcoin itself climbed above $88,500, reclaiming a market cap above $1.75 trillion for the first time in a month.

Alexander Stefanov