- US Bitcoin ETFs hit $381.3M in inflows on April 21, highest since Jan 30.
- ARK and Fidelity led inflows with over $203M combined.
- Grayscale gains $69.1M as investor sentiment shows signs of recovery.
Investor engagement with Bitcoin exchange-traded funds experienced a substantial increase on April 21 in the United States. The daily net inflows peaked at $381.3 million becoming the highest amount since January 30th.
Strong Investment Momentum Returns to Bitcoin ETFs
Funds documented $588.1 million in net inflows following Bitcoin’s value increase on the previous date. Current market activity displays a rebound in institutional and retail investor participation after a dormant phase in ETF trading.
The ARK 21Shares Bitcoin ETF drove the April 21 inflows with $116.1 million in investment. The Wise Origin Bitcoin Fund from Fidelity displayed robust results through $87.6 million in investment inflows. Investors channeled over half of the day’s total inflows into these two funds demonstrating their trust in top ETF issuers.
The fund activity occurred simultaneously with Bitcoin surpassing the $88,000 threshold which suggests a possible correlation between market price trends and investor behavior.
Grayscale Stabilizes While BlackRock Sees Steady Interest
Grayscale, which previously experienced heavy redemptions after converting its Bitcoin trust into an ETF, showed signs of stabilization. Its Bitcoin Trust and Mini Trust ETF jointly attracted $69.1 million. This shift may reflect improved investor sentiment toward Grayscale products after weeks of uncertainty.
BlackRock’s iShares Bitcoin Trust ETF brought in $41.6 million. While this figure was lower than in previous sessions, it still represented steady interest. Other funds such as HODL and EZBC also contributed, collecting $11.7 million and $10.1 million respectively. The collective uptick in fund flows across different issuers added to the positive momentum seen during the trading day.
Notably, the renewed inflow activity arrived as the broader market anticipated new developments, including the potential launch of the first XRP ETF. While this development remains speculative, it has added to the growing focus on crypto investment vehicles.
Wider Market Trends Show Mixed Sentiment
Despite the strong daily showing, broader weekly data revealed caution among US investors. According to CoinShares, total digital asset investment products recorded only $6 million in net inflows during the week. The United States registered $71 million in net outflows for the same period, showing a more restrained overall stance from local investors.
Conversely, European markets displayed more consistent interest in digital asset investments. Switzerland led the way with $43.7 million in inflows, while Germany and Canada followed with $22.3 million and $9.4 million respectively. These regional patterns highlight shifting investor confidence depending on market dynamics and economic signals.
Bitcoin-specific investment products posted minor net outflows of $6 million during the week. Short Bitcoin products also saw outflows of $1.2 million, extending their streak to seven consecutive weeks. These outflows have reduced assets under management in short positions by 40 percent over that period.
