By USA Goldmines 
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, the inflows were found to be north of $936 million on April 22nd. The week’s 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.
Leading the charge was ARK 21Shares’ Bitcoin ETF (ARKB), which pulled in $267.1 million, followed closely by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which attracted $253.8 million. Meanwhile, BlackRock’s 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.
Other funds, such as Bitwise Bitcoin ETF (BITB) and Grayscale’s flagship Bitcoin Trust (GBTC), also reported solid inflows, recording $76.71 million and $65.06 million, respectively. Additionally, Valkyrie’s BRRR fund drew in $23.8 million, while Grayscale’s Mini Trust collected almost $21.1 million, and Invesco Galaxy’s BTCO brought in $18.27 million in fresh inflows.
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’s market value has shown strength as it traded above 6.1% within the last 24 hours at $93,836.
Ethereum ETFs See Largest Inflows Since February
Ethereum ETFs also experienced their largest inflows since February as they collectively registered $38.74 million on April 22nd. Just two funds saw positive flows.
Fidelity’s FETH secured the top spot at $32.6 million, which pushed its cumulative net inflows to $1.39 billion, ranking second behind BlackRock’s ETHA, which currently stands at $4.05 billion. The Bitwise Ethereum ETF (ETHW) also posted gains as it recorded $6.09 million.
Zooming out, Ethereum ETFs as a whole saw $13.32 million in inflows over the past week.
The post Bitcoin ETFs Record Largest Inflows Since Trump’s Inauguration in January appeared first on CryptoPotato.
The last time Bitcoin ETFs saw a single-day inflow of this magnitude was on January 17th. BTCEUR, BTCGBP, BTCUSD, BTCUSDT, Crypto News, featured1, Bitcoin (BTC) Price, Bitcoin ETF, Ethereum (ETH) Price, Ethereum ETF
This articles is written by : Nermeen Nabil Khear Abdelmalak
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