US Bitcoin ETFs see $381 million inflows as crypto markets rise

U.S.-listed Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) saw their highest single-day net inflows since January, drawing in $381.3 million on April 21, according to CoinGlass.

The ARK 21Shares Bitcoin ETF (ARKB) led the activity with $116.1 million in net inflows.

It marked the most significant daily total since January 30, when net inflows reached $588.1 million after Bitcoin briefly surpassed $100,000.

A total of 11 spot Bitcoin ETFs contributed to the April 21 inflows.

The Fidelity Wise Origin Bitcoin Fund (FBTC) added $87.6 million, while Grayscale’s Bitcoin Trust (GBTC) and the Bitcoin Mini Trust ETF (BTC) combined for $69.1 million.

The largest Bitcoin ETF in terms of assets under management, BlackRock's iShares Bitcoin Trust ETF (IBIT), had inflows of $41.6 million, which is around half of its pre-April 17 weekend levels.

Meanwhile, the Invesco Galaxy Bitcoin ETF (BTCO) and WisdomTree Bitcoin Fund (BTCW) reported no inflow or outflow.

The surge in ETF inflows came despite a broader downturn in U.S. financial markets on April 21, where the SP 500, Nasdaq, and Dow Jones each fell by more than 2%.

Cryptocurrency markets, however, remained resilient.

Over the Easter weekend, total crypto market capitalisation increased by $800 billion, reaching $2.84 trillion.

Bitcoin's price surged beyond $88,500, a four-week high, and its market capitalisation surpassed $1.75 trillion for the first time in a month.

The renewed interest in Bitcoin ETFs appears to reflect growing investor demand for crypto exposure during a period of heightened macroeconomic and geopolitical uncertainty.

At the time of reporting, the Bitcoin (BTC) price was $88,226.35.