Bitcoin ETF Inflows Surge, Fueling Renewed Market Confidence

Bitcoin exchange-traded funds (ETFs) have experienced unprecedented capital inflows in recent weeks, prompting significant market confidence. BlackRock’s spot Bitcoin ETF (IBIT), specifically, hit a record milestone on April 23rd with an impressive inflow of $643 million, marking the highest single-day investment since mid-February. This surge reflects broader positive sentiment in the Bitcoin ETF market, as investors are pouring in over $916.9 million in total over the past four days, a strong continuation from previous days’ inflows. In just a mere four days, over $2.3 billion flowed into Bitcoin ETFs in the US. This is significantly higher than the $1 billion recorded during the previous ten-day period in March.