Spot Bitcoin ETFs Post Strongest Day Since Late February as $471 Million Pours In
US-listed Bitcoin ETFs saw $471.32 million in net inflows on April 6, marking their best day since late February.Summary
On April 6, US-listed Bitcoin ETFs experienced a massive surge, recording $471.32 million in net inflows. This represents the strongest single-day performance since February 25. The growth was primarily driven by three major funds: BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (FBTC), and Ark & 21Shares' ARKB, which together accounted for approximately 95% of the day's inflows.
However, this ETF momentum contrasts with weakening on-chain demand. Data indicates that 30-day apparent demand has fallen significantly, and large wallets (holding 1,000–10,000 BTC) have shifted to net distribution. Analysts suggest that unless on-chain dynamics improve, Bitcoin may struggle to break out of its current range.
Additionally, spot Ethereum (ETH) ETFs saw a resurgence in interest, attracting $120.24 million in net inflows, the highest daily total since mid-March.
(Source：BeInCrypto)