Bitcoin ETFs See $381M Inflow Spike as Crypto Rallies

April 21 marked the most significant day of net inflows for the U.S.-based Bitcoin ETFs since late January, bringing in a collective $381.3 million.

This resurgence in investor appetite comes amid an unusually calm yet bullish Easter weekend for crypto, standing in contrast to the recent pressure from geopolitical uncertainty and market-wide jitters.

Renewed Investor Confidence

Leading the ETF inflow pack was the ARK 21Shares Bitcoin ETF (ARKB), which drew $116.1 million in fresh capital. Close behind was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which attracted $87.6 million. Even the historically volatile Grayscale Bitcoin Trust (GBTC) along with its Bitcoin Mini Trust ETF saw renewed faith from investors, recording a joint inflow of $69.1 million.

This marks the biggest day of inflows since January 30, when ETFs absorbed $588.1 million in the wake of Bitcoin’s explosive rise to six figures. The fresh capital injections reflect a rekindling of institutional interest, even as U.S. markets stagger under the weight of macroeconomic pressures. 

Chief among them being President Donald Trump’s aggressive new wave of tariffs, which triggered sharp pullbacks in both equities and crypto earlier this month.

Crypto Resilience Outshines Wall Street Woes

While Wall Street stumbled coming out of the holiday, crypto markets appeared unfazed. U.S. stock markets resumed trading on Monday, April 21, only to close in the red. The S&P 500 dropped 2.4%, while the Nasdaq and Dow Jones each tumbled 2.5%.

Crypto told a different story. Over the three-day Easter break, the total market capitalization swelled by $800 billion, reaching $2.84 trillion. Bitcoin alone surged to a four-week high above $88,500, pushing its market cap beyond $1.75 trillion for the first time since late March.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest Bitcoin ETF by assets under management, also saw solid inflows, albeit more subdued at $41.6 million—roughly half of what it garnered before the long weekend on April 17.

This resurgence in ETF inflows could signal a shift in sentiment, especially as traditional markets remain shaky and inflation concerns persist.