Key Takeaways
- Bitcoin ETFs in the U.S. recorded $381.3 million in daily inflows on April 21.
- ARK 21Shares and Fidelity's Bitcoin ETFs led with $116.1M and $87.6M, respectively.
- Bitcoin's price reached $88,500, lifting its market cap above $1.75 trillion.
U.S.-based Bitcoin exchange-traded funds posted their highest net daily inflows since January 30, with a combined $381.3 million flowing into the 11 ETFs on April 21.
The surge comes as Bitcoin and broader digital asset markets remained resilient over the Easter holiday weekend.
Top performing ETFs
Leading the inflow tally was the ARK 21Shares Bitcoin ETF (ARKB), which drew in $116.1 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $87.6 million, according to CoinGlass data.
The Grayscale Bitcoin Trust (GBTC) and Grayscale’s Bitcoin Mini Trust ETF (BTC) jointly added $69.1 million in new capital.
Market recovery
Despite recent volatility tied to political tensions, including Donald Trump’s blanket tariff announcements, which contributed to a Bitcoin dip to $74,773 on April 7, the market has rebounded.
Bitcoin reached a four-week high of $88,500 on April 22, pushing its market cap back above $1.75 trillion — its highest since March 22.
Other ETF activity
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT), the largest fund in the group, saw $41.6 million in inflows on April 21, about half of its previous session’s volume.
Notably, the Invesco Galaxy Bitcoin ETF (BTCO) and WisdomTree Bitcoin Fund (BTCW) recorded no activity.
Broader market impact
The broader digital asset market stayed buoyant, with total capitalization rising by $800 billion over the long weekend to $2.84 trillion.
