US Spot Bitcoin ETFs See Massive $917M Inflow Surge
The post US Spot Bitcoin ETFs See Massive $917M Inflow Surge appeared on BitcoinEthereumNews.com.
Big news from the world of digital asset investment! US Spot Bitcoin ETFs are back in the spotlight, recording a substantial net inflow of over $917 million on April 23rd. This marks a significant milestone, representing the fourth consecutive trading day where more money flowed into these investment vehicles than out. Decoding the Surge in Bitcoin ETF Inflows The data, initially shared by Trader T (@thepfund) on X, highlights a strong resurgence of investor interest in Bitcoin through regulated ETF products. The net inflow figure of $917.67 million on April 23rd is a clear indicator of positive sentiment returning to the market after a period of mixed flows. Understanding which specific ETFs are driving this trend provides valuable insight into investor preferences and institutional activity. Here’s a breakdown of the net flows for the major players on that day: BlackRock’s IBIT: Led the pack with a dominant $643.93 million in net inflows. Ark Invest’s ARKB: Followed with a strong showing of $129.50 million in net inflows. Fidelity’s FBTC: Also saw significant positive flow, bringing in $124.37 million. Grayscale’s BTC Mini (BIT): Recorded a net inflow of $29.84 million. VanEck’s HODL: Added $5.28 million in net inflows. In contrast to these positive figures, Bitwise’s BITB experienced a net outflow of $15.25 million on the same day. The remaining US Spot Bitcoin ETFs reported no significant net changes in their holdings. What These US Spot Bitcoin ETF Flows Mean for the Crypto Market The consistent inflow into US Spot Bitcoin ETFs, especially the substantial amount seen on April 23rd, is a bullish signal for the overall Crypto Market. It suggests growing confidence among investors, including institutions, who are using these regulated products to gain exposure to Bitcoin without directly holding the cryptocurrency. The strong performance of IBIT, BlackRock’s offering, continues to underscore…
Filed under: News - @ April 24, 2025 8:27 am