Key Takeaways
- Bitcoin ETFs saw $912.7 million in inflows on April 22, the largest since January.
- Investor interest spiked after Trump criticized Fed Chair Jerome Powell.
- Bitcoin dominance rose to 64.4%, its highest since 2021.
U.S.-listed Bitcoin exchange-traded funds (ETFs) saw a massive resurgence in investor interest this week, recording their highest single-day inflow in over three months.
On April 22 alone, Bitcoin ETFs pulled in $912.7 million, following $381.3 million the day prior, according to Farside Investors.
This marks the strongest daily inflow since January 17, 2025, when over $1 billion was funneled into the market amid Bitcoin’s brief rise above $100,000.
Political backdrop
The surge comes amid growing political tensions, with President Donald Trump criticizing Federal Reserve Chair Jerome Powell and reportedly exploring ways to remove him.
After Powell ruled out near-term rate cuts, Trump wrote on Truth Social:
His dismissal cannot happen fast enough.
ETF breakdown
Leading the ETF inflows was ARK 21Shares Bitcoin ETF (ARKB) with $267.1 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $253.8 million.
BlackRock’s iShares Bitcoin Trust (IBIT) brought in $193.5 million, while Grayscale’s products added $86.2 million.
Bitwise’s BITB and smaller ETFs such as VanEck’s HODL and Franklin Templeton’s EZBC also posted gains.
Market sentiment
James Butterfill, Head of Research at CoinShares said:
This marks a significant improvement in investor sentiment.
Kadan Stadelmann, CTO at Komodo, noted that confidence in fiat is eroding:
Investors are turning to assets like bitcoin.
Price action
On April 22, Bitcoin’s price crossed $90,000, climbing from an April 7 low of $74,773.
At the same time, the U.S. dollar hit multi-year lows and stock markets posted sharp losses.
