Bitcoin ETFs see biggest inflows since January on Monday

• The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level.
• Total inflows across Bitcoin ETFs reached $381.3 million on April 21.
• RK 21Shares Bitcoin ETF (ARKB) captured the largest share at $116.1 million.

Bitcoin exchange-traded funds (ETFs) in the United States posted their largest single-day net inflow in almost two months, with April 21 marking the strongest session since January 30.

The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level for a brief window before retracing to around $90,000.

BTC ETF inflows on Monday

Total inflows across Bitcoin ETFs reached $381.3 million on April 21, with ARK 21Shares Bitcoin ETF (ARKB) capturing the largest share at $116.1 million.

Fidelity Wise Origin Bitcoin Fund (FBTC) followed with inflows of $87.6 million.

Grayscale, which had previously struggled with outflows after converting its Bitcoin trust to an ETF, showed signs of stabilization as its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recorded combined inflows of $69.1 million.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest Bitcoin ETF by assets under management, drew $41.6 million, down from pre-weekend levels on April 17.

Other funds, including HODL and EZBC, contributed $11.7 million and $10.1 million, respectively.

The inflows return after a strong week for outflows

According to CoinShares’ latest report, the United States recorded total outflows of $71 million for the week, indicating that April 21’s activity was an outlier amid otherwise tepid sentiment.

In contrast, European markets maintained a more constructive stance toward digital assets.

Switzerland led the region with $43.7 million in net inflows, while Germany added $22.3 million. Canada also saw modest inflows of $9.4 million during the period.

CoinShares noted that overall digital asset investment products saw modest weekly inflows of $6 million.

Midweek, stronger-than-expected US retail sales figures triggered a sharp outflow of $146 million from digital asset funds, reflecting market sensitivity to macroeconomic data.

Bitcoin-specific products closed the week with net outflows of $6 million, despite the significant daily inflow figure on April 21.

Meanwhile, short Bitcoin products recorded their seventh consecutive week of outflows, with $1.2 million withdrawn, bringing total redemptions over the period to nearly 40% of assets under management.