Spot bitcoin ETFs report largest single-day inflow in six weeks, worth $471 million
Summary
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their largest single-day net inflows in six weeks on Monday, attracting $471.3 million across six products. BlackRock's IBIT led with $181.9 million, followed by Fidelity's FBTC with $147.3 million. Ark & 21Shares' ARKB also saw significant inflows of $118.7 million, alongside positive flows from Grayscale, Bitwise, and VanEck. This inflow surpasses the $506 million recorded on February 25 and offsets the $173.7 million in outflows on April 1. Analysts suggest these inflows indicate renewed institutional confidence and could support Bitcoin's price, though macroeconomic uncertainties, particularly geopolitical tensions in the Middle East, may limit upward momentum.
(Source:The Block)