US Bitcoin (BTC) Exchange-Traded Funds (ETFs) Experience Their Largest Single-Day Net Inflow

US-based Bitcoin exchange-traded funds (ETFs) experienced their largest single-day net inflow in nearly two months.

US-based Bitcoin (BTC) exchange-traded funds (ETFs) experienced their largest single-day net inflow in nearly two months on April 21, as per the latest data from digital assets management company, CoinShares.

This is the highest daily inflow since January 30, when the funds attracted $588.1 million following Bitcoin’s all-time high earlier this year.

The strong inflow saw $381.3 million enter the funds, widely distributed across multiple ETF providers. Notably, ARK 21Shares Bitcoin ETF (ARKB) captured the largest share of the inflow with $116.1 million.

Close behind was Fidelity’s Wise Origin Bitcoin Fund (FBTC) which recorded an inflow of $87.6 million, making it the second-highest contributor to the day’s positive performance.

Grayscale, which had previously experienced substantial outflows following the conversion of its Bitcoin trust to an ETF, showed signs of stabilization as its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) displayed combined inflows of $69.1 million.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), which boasts the largest assets under management among the Bitcoin ETFs, attracted $41.6 million, roughly half of what it had received before the weekend trading break on April 17.

Other funds including HODL and EZBC also contributed to the day’s positive performance with inflows of $11.7 million and $10.1 million respectively.

The positive ETF inflow comes amid the anticipation of the first-ever XRP ETF going live.

While US Bitcoin ETFs showed strength on April 21, overall digital asset investment data for the week reveals notable geographic variations in investor behavior.

According to CoinShares’ weekly report, the total digital asset investment sector showed modest inflows of $6 million for the week.

The United States continued to experience net outflows, amounting to $71 million for the week despite the strong single-day performance on April 21. This suggests that the substantial inflow day was an exception to the generally cautious US investor stance.

In contrast, European markets displayed more positive sentiment toward digital asset investments. Switzerland took the lead with inflows of $43.7 million, followed by Germany which recorded net inflows of $22.3 million. Canada also contributed positively with $9.4 million in net inflows during the same period.

The report highlighted that broader market sentiment fluctuated throughout the week with stronger-than-expected US retail sales figures causing significant outflows of $146 million mid-week.

Bitcoin products specifically ended the week with minor outflows of $6 million despite the substantial daily inflow seen in the ETF data. Additionally, short Bitcoin investment products recorded outflows of $1.2 million which was their seventh consecutive week of outflows. These products have now seen investors withdraw around 40% of their total assets under management over this period.