US Bitcoin ETFs See Record Inflows Amid Crypto Market Growth, ARKB Leads with $116.1M.

US-based Bitcoin exchange-traded funds (ETFs) experienced a significant increase in net inflows on April 21, marking the largest day of inflows since late January. According to CoinGlass data, 11 Bitcoin (BTC)-tracking funds collectively received $381.3 million in net inflows, with the ARK 21Shares Bitcoin ETF (ARKB) leading the way with a $116.1 million inflow. This surge in inflows is the highest since January 30, when the funds received $588.1 million following a peak in Bitcoin prices. Despite recent challenges, such as threats of a trade war by US President Donald Trump, the ETFs managed to attract substantial inflows. For instance, the Fidelity Wise Origin Bitcoin Fund (FBTC) received $87.6 million on April 21, while the Grayscale Bitcoin Trust (GBTC) and the company’s Bitcoin Mini Trust ETF (BTC) saw a combined $69.1 million in net inflows. Interestingly, the Invesco Galaxy Bitcoin ETF (BTCO) and the WisdomTree Bitcoin Fund (BTCW) did not report any inflows or outflows on the same day. The total crypto market capitalization also saw a significant increase over the long Easter weekend, reaching $2.84 trillion, with Bitcoin alone accounting for over $1.75 trillion. As Bitcoin prices surged above $88,500, hitting a four-week high, the crypto markets outperformed traditional markets, which experienced losses. Despite the challenges, the crypto market remains resilient, attracting significant investments in ETFs and driving overall market growth.

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