US spot Bitcoin exchange-traded funds (ETFs) have seen a remarkable surge in investor activity, recording nearly $1 billion in combined daily net inflows on April 22nd.<\/p>\n
The latest figure marks the largest such increase since Donald Trump took office, thereby representing a three-month high.<\/p>\n
According to data<\/a> compiled by SoSoValue, the inflows were found to be north of $936 million on April 22nd. The week\u2019s total reached $1.32 billion in just two trading days. This surge can be attributed to the growing investor confidence in Bitcoin as a potential hedge against ongoing geopolitical and macroeconomic risks<\/a>.<\/p>\n Leading the charge was ARK 21Shares\u2019 Bitcoin ETF (ARKB), which pulled in $267.1 million, followed closely by Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC), which attracted $253.8 million. Meanwhile, BlackRock\u2019s iShares Bitcoin Trust (IBIT) added another $193.49 million, while maintaining its position as the dominant player with a cumulative $52.7 billion in assets.<\/p>\n Other funds, such as Bitwise Bitcoin ETF (BITB) and Grayscale\u2019s flagship Bitcoin Trust (GBTC), also reported solid inflows, recording $76.71 million and $65.06 million, respectively. Additionally, Valkyrie\u2019s BRRR fund drew in $23.8 million, while Grayscale\u2019s Mini Trust collected almost $21.1 million, and Invesco Galaxy\u2019s BTCO brought in $18.27 million in fresh inflows.<\/p>\n This influx of capital follows a period of steady positive flows over the past three days, which pushed US Bitcoin ETFs to a cumulative $1.42 billion in net inflows. At the same time, Bitcoin\u2019s market value has shown strength as it traded above 6.1% within the last 24 hours at $93,836.<\/p>\n Ethereum ETFs also experienced<\/a> their largest inflows since February as they collectively registered $38.74 million on April 22nd. Just two funds saw positive flows.<\/p>\n Fidelity\u2019s FETH secured the top spot at $32.6 million, which pushed its cumulative net inflows to $1.39 billion, ranking second behind BlackRock\u2019s ETHA, which currently stands at $4.05 billion. The Bitwise Ethereum ETF (ETHW) also posted gains as it recorded $6.09 million.<\/p>\n Zooming out, Ethereum ETFs as a whole saw $13.32 million in inflows over the past week.<\/p>\n The post Bitcoin ETFs Record Largest Inflows Since Trump\u2019s Inauguration in January<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US spot Bitcoin exchange-traded funds (ETFs) have seen a remarkable surge in investor activity, recording nearly $1 billion in combined daily net inflows on April 22nd. The latest figure marks the largest such increase since Donald Trump took office, thereby representing a three-month high. Bitcoin ETFs Experience Massive Inflows According to data compiled by SoSoValue, […]<\/p>\n","protected":false},"author":0,"featured_media":61400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61399"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61399"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61400"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum ETFs See Largest Inflows Since February<\/h2>\n