In a significant sign of renewed institutional confidence in the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) recorded over $381 million in net inflows on Monday, April 21, marking their largest single-day capital influx in nearly three months.
This substantial inflow represents the strongest day for Bitcoin ETFs since January 30, when the funds attracted $588.1 million. The surge comes as Bitcoin’s price has shown resilience, gaining approximately 1% over the past 24 hours and trading above $88,500—a four-week high.
Leaders Among ETF Providers
Ark Invest and 21Shares’ Bitcoin ETF (ARKB) led the charge with the largest daily net inflow, totaling $116.13 million. This impressive performance has brought ARKB’s cumulative net inflows to $2.60 billion since its launch.
Following closely behind was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which recorded $87.61 million in net inflows. FBTC continues to demonstrate strong performance with total historical net inflows now standing at $11.37 billion.
Grayscale’s offerings also performed well, with its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) seeing combined net inflows of $69.1 million. BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds the largest assets under management among Bitcoin ETFs, attracted $41.6 million in net inflows.
Market Indicators Point to Bullish Sentiment
Several key indicators suggest growing optimism in the Bitcoin market:
- Bitcoin’s futures open interest has climbed to $58.46 billion, representing a 5% increase over the past day. This metric measures the total number of outstanding derivative contracts that haven’t been settled, and its rise alongside Bitcoin’s price indicates growing trader participation.
- The cryptocurrency’s funding rate is currently positive at 0.0068%, signaling that more traders are taking long positions and betting on price increases.
- Bitcoin’s put-to-call ratio stands at 0.71, indicating higher trading volume in call options compared to puts—another reflection of bullish market sentiment.
Broader Market Context
The strong ETF inflows are particularly notable considering the performance of traditional markets. While U.S. stock markets closed in the red on Monday—with the S&P 500 down 2.4% and both the Nasdaq and Dow Jones dropping 2.5%—cryptocurrency markets have maintained gains made over the holiday weekend.
The total cryptocurrency market capitalization increased by $800 billion during the three-day break, holding at $2.84 trillion. Bitcoin’s market value has surpassed $1.75 trillion for the first time since March 22, contributing significantly to this overall growth.
Resilience Amid Uncertainty
This resurgence in institutional interest comes after several weeks of subdued activity in the ETF market, partly attributed to concerns over U.S. President Donald Trump’s trade policies. Bitcoin had fallen below $100,000 in early February and reached a 2025 low of $74,773 on April 7, days after Trump imposed widespread tariffs that also affected stock markets.
The substantial inflows on Monday suggest institutional investors may be regaining confidence in Bitcoin as a store of value and potential hedge against market uncertainty, even as traditional markets face continued pressure.
As Bitcoin maintains its position above $88,500, these strong ETF inflows could signal the beginning of a renewed bullish phase for the leading cryptocurrency, potentially laying the groundwork for a return to the six-figure price levels seen earlier this year.
