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Cryptocurrency News Articles

Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) Record Their Highest Single-Day Net Inflows Since January 17

Apr 23, 2025 at 07:15 pm

US spot Bitcoin exchange-traded funds (ETFs) recorded their highest single-day net inflows since January 17 on Tuesday, pulling in $936 million.

Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) Record Their Highest Single-Day Net Inflows Since January 17

U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) on Tuesday saw their highest single-day net inflows since January 17, pulling in $936 million as the digital asset continues to rise in the face of persistent geopolitical instability and macroeconomic uncertainty.

The substantial net inflows, which amounted to $935.9 million, attest to the growing institutional interest in bitcoin as a strategic hedge.

The large-scale capital movements into the spot bitcoin ETFs also come as bitcoin continues to show resilience despite broader market uncertainty and macroeconomic pressures.

At press time, bitcoin is trading at $93,580, up 5.4% over the past 24 hours.

This institutional demand could also benefit bitcoin meme coin Bitcoin Pepe (BPEP), as the bulk of the capital gains are usually reaped by the smaller altcoins and meme coins during bull markets.

The meme coins usually see increased activity from retail traders during such periods, given their low entry costs and potential for quick gains.

The only bitcoin meme ICO, Bitcoin Pepe could benefit from this momentum further, given its association with the leading cryptocurrency. The project aims to build the primary blockchain for meme assets, positioning itself as the first meme-centric Layer 2 on bitcoin and combining bitcoin’s security with Solana-like scalability.

Bitcoin ETF inflows stay strong

Ten U.S.-listed bitcoin ETFs posted positive flows for the day, highlighting the broad-based nature of the institutional demand.

Leading the charge was the Ark & 21Shares fund, which attracted $267.1 million in net inflows.

Fidelity’s FBTC followed with $253.8 million, while BlackRock’s IBIT drew $193.5 million, according to data from SoSoValue.

Over the past three consecutive sessions, U.S. bitcoin ETFs have amassed more than $1.4 billion in net inflows, reinforcing the narrative that digital assets, particularly bitcoin, are regaining institutional favor amid global market turbulence.

The recent shift in market sentiment appears to have been driven by a softening in the U.S.-China tariff standoff, as Treasury Secretary Scott Bessent called the current trade trajectory “unsustainable.”

Bessent hinted at a possibility of de-escalation, saying that the two economic superpowers might be forced to return to a "zero tariff" starting point due to the enduring impact of the tariffs imposed during the Trump administration.

The statement came as President Donald Trump also expressed his intent to strike a deal with China to lower tariffs, telling reporters that he plans to reduce tariffs on Chinese goods.

“I’m going to bring the tariffs down. They’re now at 145%, which is a number that can’t be sustained. It's too high. It's causing problems for everybody, especially for the people of our country. We're going to get it down to a lower number, maybe zero,” said Trump.

How a Bitcoin rally helps Bitcoin Pepe

A rally in bitcoin could act as a catalyst for Bitcoin Pepe, as broader crypto market sentiment often tracks bitcoin’s performance.

Meme coins typically see increased retail activity during such periods, given their low entry costs and speculative appeal.

As the only bitcoin meme ICO, Bitcoin Pepe stands to benefit from this momentum, leveraging its association with the leading cryptocurrency. The project aims to build the primary blockchain for meme assets, positioning itself as the first meme-centric Layer 2 on bitcoin and combining bitcoin’s security with Solana-like scalability.

Bitcoin Pepe prices are set to go up soon

The Bitcoin Pepe presale continues to gain pace, with over $6.8 million raised so far and demand accelerating rapidly.

The project introduces the PEP-20 token standard, enabling meme coin deployment directly on the Bitcoin network—a unique proposition that has helped fuel its momentum.

Structured over 30 stages with approximately 5% price increases per round, the BPEP token has already moved from $0.021 at launch to $0.031 by stage 9, delivering more than 40% returns for early participants.

The offering is set to enter its tenth stage once funding surpasses $7.78 million. Each round has been closing quicker than the last, a reflection of growing speculative appetite.

If the current trajectory holds, BPEP is expected to reach $0.0864 by the final presale stage, potentially delivering triple-digit gains for early backers.

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