This week, Bitcoin and the broader cryptocurrency market experienced a significant upswing, fueled by renewed institutional interest and easing geopolitical tensions. After a difficult start to the year under the Trump administration, digital assets have regained momentum, with Bitcoin ETFs seeing their largest inflows since January.
Bitcoin ETFs Draw Nearly $1 Billion in New Investments
Recent data shows U.S. spot Bitcoin ETFs attracted $381 million in net inflows on April 21, followed by a surge to $913 million on April 22. This marks the highest daily inflow since Bitcoin’s peak earlier this year. The ARK21Shares Bitcoin ETF led the inflows, alongside strong contributions from Fidelity and BlackRock’s Bitcoin funds. BlackRock’s Bitcoin Trust recorded its strongest single-day inflow since January, with $643 million added on April 23.
These inflows have helped push Bitcoin’s price back above $94,000, lifting the total cryptocurrency market capitalization close to $3 trillion. Experts highlight that Bitcoin ETFs are becoming key players in the market, often driving spot price movements through their sizable purchases.
